iShares 1-3 Year Treasury Bond ETF $SHY Shares Newly Bought by Private Management Group Inc.

Private Management Group Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,736 shares of the company’s stock, valued at approximately $2,415,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHY. Mather Group LLC. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth $30,000. Valley National Advisers Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $32,000. Weaver Capital Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $34,000. Finally, Hughes Financial Services LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 269.4% during the third 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. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.3%

Shares of SHY stock opened at $81.32 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The business’s fifty day simple moving average is $81.36 and its 200-day simple moving average is $82.07. The company has a market cap of $27.45 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.2544 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 2nd. This represents a $3.05 annualized dividend and a yield of 3.8%.

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.