NCM Capital Management LLC Increases Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

NCM Capital Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 50.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,735 shares of the company’s stock after acquiring an additional 2,920 shares during the quarter. NCM Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $726,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. L.M. Kohn & Company lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.1% during the third quarter. L.M. Kohn & Company now owns 5,102 shares of the company’s stock worth $424,000 after buying an additional 203 shares during the period. Flow Traders U.S. LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $7,929,000. Captrust Financial Advisors lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $128,000. Finally, Fiduciary Trust Co grew its stake in iShares 1-3 Year Treasury Bond ETF by 0.7% in the third quarter. Fiduciary Trust Co now owns 37,630 shares of the company’s stock valued at $3,129,000 after purchasing an additional 250 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.32 on Friday. The company has a market capitalization of $22.23 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company has a 50-day simple moving average of $82.42 and a two-hundred day simple moving average of $82.20. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.2831 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.