Darwin Wealth Management LLC Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Darwin Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, Holdings Channel reports. The fund purchased 1,196 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHY. WestEnd Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $30,000. Financial Connections Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $31,000. Rational Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $67,000. Global Trust Asset Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV boosted its stake 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 in the last quarter. 23.62% of the stock is currently owned by institutional investors.

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

SHY stock opened at $82.04 on Thursday. The firm has a 50 day moving average of $82.56 and a 200 day moving average of $82.16. The stock has a market capitalization of $22.16 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 given a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change 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 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.