Cabot Wealth Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 99,708 shares of the company’s stock, valued at approximately $8,096,000.
Other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 14.3% in the third quarter. Ritholtz Wealth Management now owns 29,203 shares of the company’s stock valued at $2,371,000 after purchasing an additional 3,648 shares during the period. Joel Isaacson & Co. LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $268,000. Stephen J. Garry & Associates LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 55.7% during the 3rd quarter. Stephen J. Garry & Associates LLC now owns 38,600 shares of the company’s stock worth $3,134,000 after purchasing an additional 13,807 shares during the period. International Private Wealth Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 132.3% during the 3rd quarter. International Private Wealth Advisors LLC now owns 24,928 shares of the company’s stock worth $2,024,000 after purchasing an additional 14,198 shares during the period. Finally, Silver Grove Financial Group Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 100.0% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,238 shares of the company’s stock worth $101,000 after purchasing an additional 619 shares during the period. Institutional investors own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%
Shares of NASDAQ SHY opened at $81.31 on Thursday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20. The firm has a market cap of $27.44 billion, a PE ratio of 3,747.73 and a beta of 0.05. The business has a fifty day simple moving average of $81.35 and a two-hundred day simple moving average of $82.06.
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 issued a $0.2544 dividend. The ex-dividend date was Monday, November 2nd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 annualized dividend and a dividend yield of 3.8%.
iShares 1-3 Year Treasury Bond ETF Company 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.
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