NewEdge Advisors LLC Acquires 147,382 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

NewEdge Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 98.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 296,762 shares of the company’s stock after acquiring an additional 147,382 shares during the period. NewEdge Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $24,504,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. MCF Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $30,000. Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $33,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $38,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

Shares of SHY opened at $81.92 on Friday. The business has a fifty day moving average of $81.95 and a 200 day moving average of $82.36. The company has a market cap of $25.09 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.75 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a $0.2508 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.