Sugar Maple Asset Management LLC Boosts Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sugar Maple Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 75,277 shares of the company’s stock after acquiring an additional 15,235 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 5.4% of Sugar Maple Asset Management LLC’s holdings, making the stock its 6th biggest position. Sugar Maple Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. WestEnd Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $30,000. Financial Connections Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $31,000. Rational Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $67,000. Global Trust Asset Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV grew its holdings 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 valued at $73,000 after purchasing an additional 167 shares during the period. 23.62% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.02 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The stock’s fifty day moving average price is $82.61 and its two-hundred day moving average price is $82.14. The firm has a market cap of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01.

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 $0.2831 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Friday, November 1st.

iShares 1-3 Year Treasury Bond ETF Company 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.