9,030 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,030 shares of the company’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 worth $26,000 after buying an additional 249 shares in the last quarter. Mather Group LLC. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $30,000. 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. Finally, Beacon Financial Strategies CORP bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $38,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $81.70 on Monday. The company has a market capitalization of $27.52 billion, a P/E ratio of 3,747.73 and a beta of 0.05. 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’s 50 day moving average price is $81.43 and its 200-day moving average price is $82.12.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

iShares 1-3 Year Treasury Bond ETF Profile

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.