Morris Financial Concepts Inc. Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Morris Financial Concepts Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,328 shares of the company’s stock after purchasing an additional 7,957 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 3.4% of Morris Financial Concepts Inc.’s holdings, making the stock its 5th largest holding. Morris Financial Concepts Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NTV Asset Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 20.7% during the third quarter. NTV Asset Management LLC now owns 23,498 shares of the company’s stock valued at $1,949,000 after buying an additional 4,028 shares during the last quarter. Prepared Retirement Institute LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.0% during the 3rd quarter. Prepared Retirement Institute LLC now owns 55,590 shares of the company’s stock worth $4,612,000 after acquiring an additional 2,114 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $1,043,000. Brookwood Investment Group LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 9.7% in the third quarter. Brookwood Investment Group LLC now owns 25,347 shares of the company’s stock valued at $2,103,000 after acquiring an additional 2,243 shares in the last quarter. Finally, Cascade Financial Partners LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 5.4% in the third quarter. Cascade Financial Partners LLC now owns 101,242 shares of the company’s stock worth $8,399,000 after purchasing an additional 5,207 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

Shares of SHY stock opened at $82.86 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.81 and a 12-month high of $83.14. The business’s fifty day simple moving average is $82.87 and its 200-day simple moving average is $82.79. The company has a market cap of $23.74 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.2548 per share. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.