7,924 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Burke & Herbert Bank & Trust Co.

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

Several other hedge funds have also recently added to or reduced their stakes in SHY. Pekin Hardy Strauss Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $591,000. Westside Investment Management Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 11.5% in the 3rd quarter. Westside Investment Management Inc. now owns 43,516 shares of the company’s stock valued at $3,534,000 after acquiring an additional 4,502 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 310,015 shares of the company’s stock valued at $25,173,000 after buying an additional 44,542 shares in the last quarter. Quadcap Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $208,000. Finally, Brady Family Wealth LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 22.5% in the 3rd quarter. Brady Family Wealth LLC now owns 114,119 shares of the company’s stock worth $9,266,000 after purchasing an additional 20,972 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 Stock Performance

SHY 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 52 week low of $80.95 and a 52 week high of $83.20. The firm’s fifty day simple moving average is $81.38 and its two-hundred day simple moving average is $82.08. The stock has a market capitalization of $27.53 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.2544 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 3.7%.

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.