Spectrum Planning & Advisory Services Inc. Purchases New Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Spectrum Planning & Advisory Services Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,903 shares of the company’s stock, valued at approximately $655,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in iShares 1-3 Year Treasury Bond ETF by 58.5% during the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after buying an additional 6,281,496 shares during the period. Bank of America Corp DE grew its position in iShares 1-3 Year Treasury Bond ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock valued at $973,965,000 after buying an additional 133,178 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the period. Ameriprise Financial Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 5.8% during the third quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock valued at $388,325,000 after buying an additional 257,934 shares during the period. Finally, Raymond James Financial Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Raymond James Financial Inc. now owns 4,299,580 shares of the company’s stock valued at $356,693,000 after buying an additional 103,291 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.01 on Wednesday. The firm has a market cap of $25.11 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average of $82.33 and a 200 day moving average of $82.67. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.94 and a fifty-two week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be given a dividend of $0.2429 per share. This is a boost 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 is Monday, June 1st.

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.