Empowered Funds LLC Boosts Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Empowered Funds LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 111.3% in the third quarter, HoldingsChannel.com reports. The fund owned 33,277 shares of the company’s stock after purchasing an additional 17,525 shares during the period. Empowered Funds LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $30,000. Financial Connections Group Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $31,000. Rational Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $67,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $68,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.08 on Wednesday. The stock has a 50-day simple moving average of $82.58 and a two-hundred day simple moving average of $82.16. The firm has a market capitalization of $22.17 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2831 per share. The ex-dividend date was Friday, November 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%.

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.