Vestor Capital LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the 3rd quarter, Holdings Channel reports. The fund bought 16,869 shares of the company’s stock, valued at approximately $1,370,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHY. Mather Group LLC. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth approximately $30,000. Valley National Advisers Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $32,000. Weaver Capital Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $34,000. Finally, Hughes Financial Services LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 269.4% in the 3rd quarter. Hughes Financial Services LLC now owns 447 shares of the company’s stock worth $36,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Price Performance
iShares 1-3 Year Treasury Bond ETF stock opened at $81.59 on Tuesday. The firm’s 50 day moving average price is $81.37 and its 200-day moving average price is $82.08. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.95 and a 1 year high of $83.20. The stock has a market cap of $27.54 billion, a P/E ratio of 3,747.73 and a beta of 0.05.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.2544 per share. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 dividend on an annualized basis 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.
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