Twele Capital Management Inc. Has $434,000 Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Twele Capital Management Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,296 shares of the company’s stock after buying an additional 211 shares during the period. Twele Capital Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHY. School Employees Retirement Board of Ohio bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $10,123,000. Eagle Asset Management Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,938 shares during the last quarter. TPG Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $295,000. Alternative Investment Advisors LLC. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $350,000. Finally, Park Avenue Securities LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 30.4% in the third quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock worth $7,261,000 after buying an additional 20,384 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 Trading Up 0.2 %

NASDAQ:SHY opened at $82.05 on Thursday. The firm has a market capitalization of $22.79 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The firm’s fifty day simple moving average is $82.01 and its 200 day simple moving average is $82.32.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%.

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.