Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 118,435 shares of the company’s stock, valued at approximately $9,617,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aviance Capital Partners LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $1,129,000. Blue Fin Capital Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $4,438,000. Americana Partners LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 3rd quarter. Americana Partners LLC now owns 1,048,179 shares of the company’s stock valued at $85,112,000 after purchasing an additional 54,591 shares during the last quarter. LJI Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $300,000. Finally, Modera Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $625,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.
iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%
Shares of SHY opened at $81.50 on Thursday. The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day simple moving average is $81.39 and its 200-day simple moving average is $82.10. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The firm 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. This represents a $3.05 annualized dividend and a yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date of this dividend is Monday, November 2nd.
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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