Ifrah Financial Services Inc. Acquires 20,489 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Ifrah Financial Services Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.5% in the first quarter, HoldingsChannel reports. The firm owned 172,642 shares of the company’s stock after acquiring an additional 20,489 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 3.8% of Ifrah Financial Services Inc.’s portfolio, making the stock its 4th biggest holding. Ifrah Financial Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $14,255,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SHY. Patriot Financial Group Insurance Agency LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 59.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,140 shares of the company’s stock valued at $424,000 after buying an additional 1,916 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 48.3% in the first quarter. Janney Montgomery Scott LLC now owns 150,877 shares of the company’s stock worth $12,458,000 after acquiring an additional 49,140 shares during the last quarter. 1492 Capital Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 21.5% in the first quarter. 1492 Capital Management LLC now owns 3,063 shares of the company’s stock worth $253,000 after acquiring an additional 543 shares during the last quarter. Semitam Bonam LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.6% in the first quarter. Semitam Bonam LLC now owns 64,431 shares of the company’s stock valued at $5,320,000 after acquiring an additional 5,639 shares in the last quarter. Finally, Trilogy Capital Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 315.5% in the first quarter. Trilogy Capital Inc. now owns 11,011 shares of the company’s stock valued at $909,000 after acquiring an additional 8,361 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.19 on Monday. The firm has a market cap of $25.17 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.86 and a 52 week high of $83.20. The business’s fifty day simple moving average is $82.19 and its 200 day simple moving average is $82.55.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.2429 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.