Procyon Advisors LLC Has $23.23 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Procyon Advisors LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1,592.2% in the third quarter, Holdings Channel.com reports. The fund owned 279,999 shares of the company’s stock after acquiring an additional 263,453 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 0.4% of Procyon Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Procyon Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $23,229,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SHY. Live Oak Private Wealth LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.9% during the 2nd quarter. Live Oak Private Wealth LLC now owns 6,613 shares of the company’s stock worth $548,000 after purchasing an additional 123 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after buying an additional 125 shares during the period. Stolper Co increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.6% during the second quarter. Stolper Co now owns 8,250 shares of the company’s stock worth $684,000 after buying an additional 132 shares during the period. TruWealth Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 5.2% during the third quarter. TruWealth Advisors LLC now owns 2,707 shares of the company’s stock worth $225,000 after buying an additional 134 shares during the last quarter. Finally, Northwest Wealth Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.8% in the third quarter. Northwest Wealth Management LLC now owns 7,566 shares of the company’s stock valued at $628,000 after buying an additional 135 shares during the period. 23.15% of the stock is currently owned by institutional investors.

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

Shares of SHY opened at $82.87 on Thursday. The firm’s fifty day simple moving average is $82.86 and its two-hundred day simple moving average is $82.81. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.87 and a 12 month high of $83.14. The stock has a market capitalization of $23.69 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.2548 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, December 19th.

iShares 1-3 Year Treasury Bond ETF Company 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.