Napier Financial LLC Invests $6.93 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Napier Financial LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 83,643 shares of the company’s stock, valued at approximately $6,927,000. iShares 1-3 Year Treasury Bond ETF makes up about 1.7% of Napier Financial LLC’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after buying an additional 467,629 shares during the last quarter. Arrowroot Family Office LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 28.6% during the fourth quarter. Arrowroot Family Office LLC now owns 9,771 shares of the company’s stock worth $809,000 after acquiring an additional 2,173 shares during the period. Modus Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 0.3% during the fourth quarter. Modus Advisors LLC now owns 69,489 shares of the company’s stock worth $5,755,000 after acquiring an additional 238 shares during the period. MCF Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Finally, Parallel Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 46,604 shares of the company’s stock worth $3,860,000 after acquiring an additional 2,603 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.86 on Monday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.86 and a 52 week high of $83.20. The firm has a market cap of $25.07 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day simple moving average is $82.30 and its 200 day simple moving average is $82.64.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.2429 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st.

iShares 1-3 Year Treasury Bond ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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