Ridgewood Investments LLC Purchases 775 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ridgewood Investments LLC raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,267 shares of the company’s stock after buying an additional 775 shares during the quarter. Ridgewood Investments LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in 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 buying an additional 3,563,486 shares during the period. Cerity Partners OCIO LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $129,075,000. LPL Financial LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% in the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after purchasing an additional 1,193,337 shares during the period. Barclays PLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% in the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after acquiring an additional 1,123,670 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock valued at $70,676,000 after acquiring an additional 546,239 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY traded down $0.09 during mid-day trading on Friday, hitting $81.89. The company had a trading volume of 1,176,260 shares, compared to its average volume of 2,820,785. The firm has a fifty day moving average price of $82.02 and a 200 day moving average price of $82.30. The company has a market capitalization of $22.73 billion, a PE ratio of 3,695.45 and a beta of 0.01. 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 Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.11%.

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.