Cerro Pacific Wealth Advisors LLC Raises Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Cerro Pacific Wealth Advisors LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.2% in the fourth quarter, HoldingsChannel reports. The firm owned 73,604 shares of the company’s stock after purchasing an additional 6,842 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 2.0% of Cerro Pacific Wealth Advisors LLC’s portfolio, making the stock its 13th largest position. Cerro Pacific Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,120,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $37,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $68,000. Creative Financial Designs Inc. ADV boosted its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after buying an additional 167 shares during the period. Eagle Bay Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $76,000. Finally, Bristlecone Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $78,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.09 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The firm has a 50-day moving average price of $82.02 and a 200-day moving average price of $82.34. The firm has a market capitalization of $22.99 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2804 dividend. This represents a $3.36 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.