W.G. Shaheen & Associates DBA Whitney & Co Purchases 33,388 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, HoldingsChannel reports. The institutional investor purchased 33,388 shares of the company’s stock, valued at approximately $2,711,000.

Several other large investors also recently bought and sold shares of SHY. Apella Capital LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 327.6% in the third quarter. Apella Capital LLC now owns 152,694 shares of the company’s stock valued at $12,393,000 after buying an additional 116,984 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the second quarter. Baird Financial Group Inc. now owns 303,706 shares of the company’s stock valued at $24,937,000 after acquiring an additional 15,954 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $1,140,000. Silicon Valley Capital Partners grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 12.5% during the second quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after acquiring an additional 64,060 shares during the last quarter. Finally, Israel Discount Bank of New York grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 112.1% during the third quarter. Israel Discount Bank of New York now owns 53,155 shares of the company’s stock worth $4,316,000 after acquiring an additional 28,088 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of iShares 1-3 Year Treasury Bond ETF stock traded down $0.04 during trading on Friday, reaching $81.63. The company’s stock had a trading volume of 7,281,400 shares, compared to its average volume of 4,269,880. The company has a 50-day moving average price of $81.38 and a two-hundred day moving average price of $82.08. The firm has a market cap of $27.53 billion, a PE ratio of 3,747.73 and a beta of 0.05. 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.2544 per share. The ex-dividend date was Monday, November 2nd. This represents a $3.05 dividend on an annualized basis and a yield of 3.7%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

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.