iShares 1-3 Year Treasury Bond ETF $SHY Shares Newly Bought by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,275 shares of the company’s stock, valued at approximately $1,971,000.

Other hedge funds have also recently bought and sold shares of the company. Cahaba Wealth Management Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.4% during the third quarter. Cahaba Wealth Management Inc. now owns 26,794 shares of the company’s stock valued at $2,176,000 after buying an additional 878 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $7,059,000. Park Avenue Securities LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $15,369,000. Verdence Capital Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 517.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 41,221 shares of the company’s stock worth $3,347,000 after buying an additional 34,548 shares in the last quarter. Finally, Midwest Heritage Bank FSB grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1.4% in the 3rd quarter. Midwest Heritage Bank FSB now owns 106,386 shares of the company’s stock worth $8,639,000 after buying an additional 1,513 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.45 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20. The stock has a market cap of $27.24 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock’s 50 day moving average price is $81.45 and its 200 day moving average price is $82.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2410 per share. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%.

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.