Patten & Patten Inc. TN Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Patten & Patten Inc. TN boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 53.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 87,438 shares of the company’s stock after acquiring an additional 30,498 shares during the period. Patten & Patten Inc. TN’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,242,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quent Long Short Global Small Cap Fund LP purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $53,414,000. Harbor Investment Advisory LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 16.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock worth $3,740,000 after purchasing an additional 6,436 shares during the period. First Horizon Corp purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $2,116,000. Cadence Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $5,524,000. Finally, Trilogy Capital Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 569.2% during the 3rd quarter. Trilogy Capital Inc. now owns 17,821 shares of the company’s stock worth $1,478,000 after purchasing an additional 15,158 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.30 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $82.10 and a 1-year high of $83.20. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s 50-day moving average is $82.53 and its two-hundred day moving average is $82.76.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.2428 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.