Sunburst Financial Group LLC Invests $556,000 in iShares 1-3 Year Treasury Bond ETF $SHY

Sunburst Financial Group LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,717 shares of the company’s stock, valued at approximately $556,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.7% during the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock worth $3,740,000 after purchasing an additional 6,436 shares in the last quarter. First Horizon Corp acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $2,116,000. Cadence Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $5,524,000. Childress Capital Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $896,000. Finally, JARISLOWSKY FRASER Ltd lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 66.9% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock worth $3,445,000 after buying an additional 16,647 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.36 on Monday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $82.21 and a 1 year high of $83.20. The stock has a market cap of $24.69 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day simple moving average of $82.74 and a 200-day simple moving average of $82.83.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st will be issued a $0.2469 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, April 1st.

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.