Arrow Investment Advisors LLC Acquires New Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Arrow Investment Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 15,141 shares of the company’s stock, valued at approximately $1,253,000. iShares 1-3 Year Treasury Bond ETF comprises 1.3% of Arrow Investment Advisors LLC’s holdings, making the stock its 16th largest holding.

Several other hedge funds also recently made changes to their positions in SHY. Accredited Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Godsey & Gibb Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $26,000. Van ECK Associates Corp grew its stake in iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $32,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 162.2% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock valued at $34,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.48 on Friday. The firm has a fifty day moving average of $82.53 and a 200-day moving average of $82.32. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.29 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.2718 per share. This represents a $3.26 dividend on an annualized basis and a yield of 3.95%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend was Monday, June 2nd.

iShares 1-3 Year Treasury Bond ETF Profile

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.