82,126 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 82,126 shares of the company’s stock, valued at approximately $6,669,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHY. Whittier Trust Co. of Nevada Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Mather Group LLC. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at $30,000. Valley National Advisers Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $32,000. Finally, Weaver Capital Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $34,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

NASDAQ SHY opened at $81.50 on Thursday. The stock’s 50-day moving average price is $81.39 and its 200-day moving average price is $82.10. 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 $27.42 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a dividend of $0.2544 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date is Monday, November 2nd. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%.

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.