Retirement Financial Solutions LLC Raises Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Retirement Financial Solutions LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,924 shares of the company’s stock after buying an additional 192 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 2.0% of Retirement Financial Solutions LLC’s investment portfolio, making the stock its 15th biggest holding. Retirement Financial Solutions LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,484,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Guidance Capital Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after buying an additional 359 shares in the last quarter. Gradient Investments LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1,316.2% during the 2nd quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after buying an additional 895 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 13.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock worth $4,490,000 after purchasing an additional 6,493 shares during the last quarter. School Employees Retirement Board of Ohio acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $10,123,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth $1,459,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.4 %

SHY stock opened at $82.05 on Monday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock’s fifty day simple moving average is $82.77 and its 200-day simple moving average is $82.09. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.2831 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date is Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

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.