42,578 iShares 1-3 Year Treasury Bond ETF $SHY Shares Acquired by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1,192.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,149 shares of the company’s stock after acquiring an additional 42,578 shares during the quarter. Pinion Investment Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,747,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SHY. Mather Group LLC. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth approximately $30,000. Valley National Advisers Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $32,000. Weaver Capital Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $34,000. Finally, Hughes Financial Services LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 269.4% during the 3rd quarter. Hughes Financial Services LLC now owns 447 shares of the company’s stock worth $36,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

Shares of NASDAQ:SHY opened at $81.59 on Tuesday. The company’s fifty day moving average is $81.37 and its two-hundred day moving average is $82.08. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The company has a market cap of $27.54 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.2544 dividend. This represents a $3.05 annualized dividend and a dividend yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date of this dividend was Monday, November 2nd.

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.