iShares 1-3 Year Treasury Bond ETF $SHY Shares Newly Purchased by Welch Group LLC

Welch Group LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, Holdings Channel reports. The institutional investor purchased 28,686 shares of the company’s stock, valued at approximately $2,329,000.

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

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $81.70 on Monday. The business has a 50-day moving average of $81.43 and a 200 day moving average of $82.12. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.95 and a 1-year high of $83.20. 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 business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.2544 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date of this dividend is Monday, November 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.