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

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

NASDAQ SHY traded down $0.25 during trading hours on Wednesday, hitting $82.32. The company’s stock had a trading volume of 7,671,735 shares, compared to its average volume of 5,350,145. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.21 and a 12 month high of $83.20. The company’s 50 day simple moving average is $82.77 and its two-hundred day simple moving average is $82.85. The company has a market cap of $24.06 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $25,000. Key Financial Inc increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after purchasing an additional 196 shares during the last quarter. Pflug Koory LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% in the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares during the period. Delos Wealth Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $29,000. Finally, Holos Integrated Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $29,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

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.