Berger Financial Group Inc Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Berger Financial Group Inc purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,877 shares of the company’s stock, valued at approximately $477,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stelac Advisory Services LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $195,000. Vontobel Holding Ltd. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the first quarter. Vontobel Holding Ltd. now owns 10,829 shares of the company’s stock worth $902,000 after buying an additional 1,579 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth $20,110,000. Brighton Jones LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 37.2% in the first quarter. Brighton Jones LLC now owns 3,387 shares of the company’s stock valued at $282,000 after acquiring an additional 918 shares in the last quarter. Finally, Covestor Ltd boosted its stake in iShares 1-3 Year Treasury Bond ETF by 105.9% during the 1st quarter. Covestor Ltd now owns 700 shares of the company’s stock valued at $58,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.35 on Thursday. The company has a 50-day moving average of $80.94 and a 200-day moving average of $81.15. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.48 and a 1-year high of $82.74.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were issued a $0.23 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.21. This represents a $2.76 annualized dividend and a yield of 3.39%. The ex-dividend date was Wednesday, 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.