Diversified Management Inc. Invests $593,000 in iShares 1-3 Year Treasury Bond ETF $SHY

Diversified Management Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,228 shares of the company’s stock, valued at approximately $593,000.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $30,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth approximately $38,000. Institutional investors own 23.15% of the company’s stock.

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iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.87 on Wednesday. The firm has a 50 day simple moving average of $81.95 and a 200 day simple moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.75 and a fifty-two week high of $83.20. The company has a market cap of $25.08 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.2508 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

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