7,470 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Bought by Arrowroot Family Office LLC

Arrowroot Family Office LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the second quarter, Holdings Channel reports. The firm purchased 7,470 shares of the company’s stock, valued at approximately $619,000.

Other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 125 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $39,000. Flaharty Asset Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth $40,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $41,000. Institutional investors own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $82.75 on Wednesday. The stock’s 50-day simple moving average is $82.93 and its 200 day simple moving average is $82.69. The firm has a market capitalization of $24.09 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.67 and a twelve month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 6th. Investors of record on Monday, November 3rd will be paid a $0.2627 dividend. This represents a c) annualized dividend and a yield of 3.8%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Monday, November 3rd.

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.