3,334 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Bought by Hanover Advisors Inc.

Hanover Advisors Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,334 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Invesco Ltd. raised its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 4th quarter. Invesco Ltd. now owns 6,863 shares of the company’s stock worth $563,000 after acquiring an additional 201 shares in the last quarter. Northern Trust Corp raised its stake in iShares 1-3 Year Treasury Bond ETF by 486.0% during the 4th quarter. Northern Trust Corp now owns 109,822 shares of the company’s stock worth $9,003,000 after acquiring an additional 91,082 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in iShares 1-3 Year Treasury Bond ETF by 9.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 29,081 shares of the company’s stock worth $2,384,000 after acquiring an additional 2,631 shares in the last quarter. Keel Point LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.2% during the 4th quarter. Keel Point LLC now owns 55,531 shares of the company’s stock worth $4,552,000 after acquiring an additional 648 shares in the last quarter. Finally, Cypress Advisory Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $2,054,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $82.94 on Thursday. The firm has a market cap of $23.46 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.30. The firm’s fifty day moving average is $82.61 and its two-hundred day moving average is $82.52.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st were paid a $0.2698 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, August 1st.

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.