Vaughan David Investments LLC IL Makes New Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Vaughan David Investments LLC IL bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,870 shares of the company’s stock, valued at approximately $807,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 8.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 158,032 shares of the company’s stock valued at $12,924,000 after buying an additional 12,484 shares during the period. Rockport Wealth LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $6,295,000. Penobscot Investment Management Company Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the first quarter. Penobscot Investment Management Company Inc. now owns 27,735 shares of the company’s stock valued at $2,268,000 after purchasing an additional 550 shares during the last quarter. Spreng Capital Management Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% in the first quarter. Spreng Capital Management Inc. now owns 29,281 shares of the company’s stock valued at $2,395,000 after purchasing an additional 172 shares during the last quarter. Finally, ESL Trust Services LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY traded up $0.04 during trading hours on Wednesday, reaching $82.01. 4,849,394 shares of the company were exchanged, compared to its average volume of 3,914,521. The company has a market capitalization of $24.13 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.62 and a 1-year high of $82.39. The business has a 50 day moving average of $81.58 and a 200 day moving average of $81.61.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a dividend of $0.2704 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Monday, July 1st.

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.