iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Raises Dividend to $0.25 Per Share

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.2469 per share on Tuesday, April 7th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 10.7% increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22.

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

iShares 1-3 Year Treasury Bond ETF stock traded down $0.25 during mid-day trading on Wednesday, hitting $82.32. The stock had a trading volume of 7,671,735 shares, compared to its average volume of 5,350,145. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.21 and a one year high of $83.20. The firm has a market capitalization of $24.06 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm’s 50 day moving average is $82.77 and its 200 day moving average is $82.85.

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

A number of hedge funds have recently made changes to their positions in the business. MCF Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $25,000. Key Financial Inc boosted its stake in iShares 1-3 Year Treasury Bond ETF by 158.1% in the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares during the period. Pflug Koory LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 637.8% in the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares during the period. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $29,000. Finally, Holos Integrated Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $29,000. Institutional investors own 23.15% of the company’s stock.

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.