2,505 Shares in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Purchased by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,505 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of SHY. Van ECK Associates Corp lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after buying an additional 187 shares during the period. Allworth Financial LP raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 20.5% during the 4th quarter. Allworth Financial LP now owns 10,440 shares of the company’s stock valued at $857,000 after acquiring an additional 1,779 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $1,246,000. Valmark Advisers Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $255,000. Finally, Sanctuary Advisors LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 87,063 shares of the company’s stock worth $7,164,000 after purchasing an additional 766 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

NASDAQ SHY opened at $82.48 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.29 and a 12 month high of $83.30. The stock has a 50-day simple moving average of $82.53 and a 200 day simple moving average of $82.32. The company has a market capitalization of $24.22 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.2718 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a $3.26 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, June 2nd.

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.