Burke & Herbert Bank & Trust Co. Acquires New Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Burke & Herbert Bank & Trust Co. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,924 shares of the company’s stock, valued at approximately $643,000.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in 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 in the last quarter. Mather Group LLC. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth $30,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $32,000. Finally, Weaver Capital Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock traded down $0.04 during mid-day trading on Friday, reaching $81.63. The stock had a trading volume of 7,281,400 shares, compared to its average volume of 4,269,880. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20. The stock’s 50-day simple moving average is $81.38 and its 200-day simple moving average is $82.08. The firm has a market capitalization of $27.53 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.2544 dividend. The ex-dividend date was 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.