Private Management Group Inc. Acquires New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Private Management Group Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, Holdings Channel reports. The firm bought 29,736 shares of the company’s stock, valued at approximately $2,415,000.

Several other large investors also recently bought and sold shares of the stock. Clear Wave Wealth Management LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.7% during the third quarter. Clear Wave Wealth Management LLC now owns 202,512 shares of the company’s stock valued at $16,444,000 after buying an additional 10,982 shares during the last quarter. Syntax Research Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.6% in the 3rd quarter. Syntax Research Inc. now owns 167,869 shares of the company’s stock valued at $13,631,000 after acquiring an additional 14,672 shares during the period. Brickley Wealth Management raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.5% in the 3rd quarter. Brickley Wealth Management now owns 5,951 shares of the company’s stock worth $483,000 after acquiring an additional 147 shares during the last quarter. M Holdings Securities Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $371,000. Finally, Shepherd Financial Partners LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.9% in the 3rd quarter. Shepherd Financial Partners LLC now owns 23,496 shares of the company’s stock worth $1,908,000 after acquiring an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.32 on Wednesday. The stock has a 50-day moving average of $81.36 and a two-hundred day moving average of $82.07. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The stock has a market cap of $27.45 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a $0.2544 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 2nd.

About iShares 1-3 Year Treasury Bond ETF

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.