iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Declares Dividend Increase – $0.25 Per Share

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.2469 per share on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date 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%

NASDAQ SHY traded down $0.25 during midday trading on Wednesday, hitting $82.32. The company had a trading volume of 7,671,735 shares, compared to its average volume of 5,350,145. The company has a market capitalization of $24.06 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average price of $82.77 and a 200-day moving average price of $82.85. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.21 and a twelve month high of $83.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHY. Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% in the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after buying an additional 6,281,496 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after acquiring an additional 4,206,546 shares during the period. Pinebridge Investments Asia Ltd. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $270,573,000. Mizuho Markets Americas LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% during the 3rd quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after acquiring an additional 2,414,144 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in iShares 1-3 Year Treasury Bond ETF by 534.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after acquiring an additional 1,887,420 shares during the last quarter. Institutional investors and hedge funds 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.