9,030 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, Holdings Channel.com reports. The firm purchased 9,030 shares of the company’s stock, valued at approximately $733,000.

A number of other large investors have also recently made changes to their positions in the stock. Cahaba Wealth Management Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% in the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after acquiring an additional 133 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock valued at $1,618,000 after purchasing an additional 141 shares during the last quarter. Centaurus Financial Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 6.8% during the 1st quarter. Centaurus Financial Inc. now owns 2,604 shares of the company’s stock valued at $215,000 after purchasing an additional 165 shares during the last quarter. XY Planning Network Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% in the third quarter. XY Planning Network Inc. now owns 10,040 shares of the company’s stock valued at $815,000 after purchasing an additional 178 shares during the period. Finally, IFC & Insurance Marketing Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.4% in the second quarter. IFC & Insurance Marketing Inc. now owns 3,739 shares of the company’s stock valued at $307,000 after purchasing an additional 190 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NASDAQ:SHY opened at $81.50 on Friday. The business has a 50-day moving average price of $81.47 and a 200-day moving average price of $81.88. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20.

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 issued a $0.2410 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend and a yield of 3.5%.

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.