Lee Financial Co purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 9,661 shares of the company’s stock, valued at approximately $784,000.
Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the period. Mather Group LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth $30,000. Weaver Capital Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $34,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth $38,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.
iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%
NASDAQ:SHY opened at $81.36 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The company has a market capitalization of $26.96 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day moving average is $81.52 and its two-hundred day moving average is $81.92.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.
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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Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report).
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