Mesirow Financial Investment Management Inc. Acquires 346,678 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Mesirow Financial Investment Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 346,678 shares of the company’s stock, valued at approximately $28,150,000. Mesirow Financial Investment Management Inc. owned about 0.10% of iShares 1-3 Year Treasury Bond ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. 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 bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth $30,000. Valley National Advisers Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $32,000. Weaver Capital Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Finally, Hughes Financial Services LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 269.4% during the 3rd quarter. Hughes Financial Services LLC now owns 447 shares of the company’s stock valued at $36,000 after buying 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 Trading Down 0.3%

Shares of NASDAQ:SHY opened at $81.32 on Wednesday. The stock’s 50-day moving average price is $81.36 and its 200-day moving average price is $82.07. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The stock has a market capitalization of $27.45 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 business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.2544 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $3.05 dividend on an annualized basis and a dividend 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.