Sowell Financial Services LLC Makes New $733,000 Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Sowell Financial Services LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,030 shares of the company’s stock, valued at approximately $733,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the last quarter. RPOA Advisors Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $301,889,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after buying an additional 2,454,485 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after acquiring an additional 1,002,453 shares in the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

NASDAQ:SHY opened at $81.50 on Friday. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The firm has a 50 day moving average of $81.47 and a 200 day moving average of $81.88.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.2410 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.