Penobscot Investment Management Company Inc. Purchases 5,800 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Penobscot Investment Management Company Inc. raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,185 shares of the company’s stock after purchasing an additional 5,800 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,230,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $45,000. Cedar Mountain Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $55,000. Financial Gravity Asset Management Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock worth $57,000 after acquiring an additional 625 shares during the last quarter. Halpern Financial Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $62,000. Finally, Salem Investment Counselors Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 79.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 768 shares of the company’s stock worth $63,000 after acquiring an additional 339 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY traded down $0.04 during mid-day trading on Tuesday, reaching $81.21. 1,667,228 shares of the company were exchanged, compared to its average volume of 4,475,803. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.55 and a 52 week high of $82.60. The stock has a market capitalization of $24.62 billion, a PE ratio of 3,690.68 and a beta of 0.01. The business has a 50 day simple moving average of $81.50 and a two-hundred day simple moving average of $81.57.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2705 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.00%.

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.