Summit Financial LLC Acquires 1,767 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Summit Financial LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 30.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,559 shares of the company’s stock after acquiring an additional 1,767 shares during the quarter. Summit Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $617,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 45.8% during the second quarter. Montag A & Associates Inc. now owns 82,535 shares of the company’s stock worth $6,739,000 after purchasing an additional 25,939 shares during the last quarter. Cascade Financial Partners LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 157.8% during the 2nd quarter. Cascade Financial Partners LLC now owns 40,530 shares of the company’s stock valued at $3,309,000 after buying an additional 24,806 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% in the second quarter. Farther Finance Advisors LLC now owns 55,367 shares of the company’s stock worth $4,502,000 after buying an additional 12,217 shares in the last quarter. Confluence Wealth Services Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 129.1% in the second quarter. Confluence Wealth Services Inc. now owns 22,867 shares of the company’s stock worth $1,867,000 after buying an additional 12,886 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in iShares 1-3 Year Treasury Bond ETF by 40.7% in the second quarter. Spire Wealth Management now owns 49,547 shares of the company’s stock worth $4,046,000 after buying an additional 14,323 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.80 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.62 and a fifty-two week high of $82.91. The firm has a market cap of $24.56 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The firm has a 50 day moving average price of $82.19 and a 200-day moving average price of $81.72.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were given a dividend of $0.2725 per share. This represents a $3.27 annualized dividend and a yield of 3.95%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 1st.

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.