10,105 iShares 1-3 Year Treasury Bond ETF $SHY Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.2% in the third quarter, Holdings Channel reports. The institutional investor owned 60,081 shares of the company’s stock after acquiring an additional 10,105 shares during the period. Parallel Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,879,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $2,711,000. Flagship Wealth Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $74,000. Asset Dedication LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $53,000. LightSquare Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 27.0% during the third quarter. LightSquare Wealth Management LLC now owns 52,521 shares of the company’s stock valued at $4,265,000 after buying an additional 11,161 shares during the last quarter. Finally, Mader & Shannon Wealth Management Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $17,687,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $81.63 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The firm has a market cap of $27.55 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day simple moving average of $81.38 and a two-hundred day simple moving average of $82.08.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.2544 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 2nd. This represents a $3.05 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.