iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) to Issue Monthly Dividend of $0.24

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.2383 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.3%

NASDAQ SHY traded down $0.27 during trading on Wednesday, hitting $81.84. 3,433,536 shares of the company’s stock were exchanged, compared to its average volume of 4,427,665. The company has a market cap of $25.06 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 $81.83 and a fifty-two week high of $83.20. The stock’s 50 day moving average price is $82.17 and its two-hundred day moving average price is $82.54.

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

Several large investors have recently bought and sold shares of SHY. Captrust Financial Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after buying an additional 3,451,890 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after buying an additional 467,629 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

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.