Charles Schwab Trust Co Invests $502,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Charles Schwab Trust Co purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the first quarter, HoldingsChannel reports. The institutional investor purchased 6,068 shares of the company’s stock, valued at approximately $502,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Hobbs Group Advisors LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock valued at $813,000 after purchasing an additional 136 shares during the period. Spreng Capital Management Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Spreng Capital Management Inc. now owns 10,388 shares of the company’s stock worth $852,000 after buying an additional 140 shares in the last quarter. Blueprint Investment Partners LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 2.2% in the 4th quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock valued at $546,000 after buying an additional 142 shares during the last quarter. Cabot Wealth Management Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.3% during the fourth quarter. Cabot Wealth Management Inc. now owns 59,923 shares of the company’s stock valued at $4,912,000 after acquiring an additional 161 shares in the last quarter. Finally, Discovery Capital Management LLC CT increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.0% during the fourth quarter. Discovery Capital Management LLC CT now owns 3,050 shares of the company’s stock worth $250,000 after acquiring an additional 172 shares during the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.44 on Thursday. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.26 and a one year high of $83.30. The business’s 50-day simple moving average is $82.58 and its 200 day simple moving average is $82.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, June 2nd will be paid a $0.2718 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.