Christensen King & Associates Investment Services Inc. Grows Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Christensen King & Associates Investment Services Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,565 shares of the company’s stock after buying an additional 3,820 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 1.0% of Christensen King & Associates Investment Services Inc.’s investment portfolio, making the stock its 24th largest holding. Christensen King & Associates Investment Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors raised its stake 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 acquiring an additional 3,563,486 shares in the last quarter. LPL Financial LLC increased its position in 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 valued at $553,678,000 after acquiring an additional 1,193,337 shares during the period. Bank of Montreal Can lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.8% during the 3rd quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock worth $427,620,000 after acquiring an additional 41,969 shares during the period. Barclays PLC increased its stake in 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 buying an additional 1,123,670 shares during the period. Finally, Cerity Partners OCIO LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $129,075,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0 %

SHY stock opened at $81.85 on Tuesday. 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 of $82.01 and a 200-day moving average of $82.32. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed 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%.

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.