9,030 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, HoldingsChannel reports. The fund acquired 9,030 shares of the company’s stock, valued at approximately $733,000.

Several other hedge funds also recently modified their holdings of SHY. Evergreen Capital Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $53,717,000. Lantern Wealth Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $396,000. Barrett & Company Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $759,000. Towercrest Capital Management acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $1,863,000. Finally, Capital Investment Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $931,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.70 on Monday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The stock has a 50 day moving average price of $81.43 and a two-hundred day moving average price of $82.12. The stock has a market capitalization of $27.52 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 declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be given a $0.2544 dividend. This represents a $3.05 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, November 2nd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

iShares 1-3 Year Treasury Bond ETF Company 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.