Penobscot Investment Management Company Inc. Acquires 5,800 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Penobscot Investment Management Company Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 27.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,185 shares of the company’s stock after purchasing an additional 5,800 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHY. Fulcrum Equity Management purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $472,000. Hsbc Holdings PLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.2% during the third quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock valued at $49,730,000 after acquiring an additional 7,431 shares during the last quarter. Spreng Capital Management Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the fourth quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock worth $2,388,000 after buying an additional 1,461 shares during the last quarter. Element Wealth LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 25.7% in the fourth quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock worth $1,800,000 after buying an additional 4,488 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $1,151,000. 23.62% of the stock is currently owned by institutional investors.

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

Shares of NASDAQ SHY traded down $0.04 during midday trading on Tuesday, reaching $81.21. The company had a trading volume of 1,667,228 shares, compared to its average volume of 4,475,803. The business’s 50-day simple moving average is $81.50 and its 200 day simple moving average is $81.57. The stock has a market cap of $24.62 billion, a P/E ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.55 and a 1 year high of $82.60.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.2705 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.00%.

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.