Lewis Asset Management LLC Invests $209,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Lewis Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,519 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently added to or reduced their stakes in SHY. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at about $30,000. Financial Connections Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $31,000. Rational Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $67,000. Global Trust Asset Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after acquiring an additional 167 shares during the period. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.13 on Friday. The business has a 50 day moving average price of $82.72 and a two-hundred day moving average price of $82.10. The company has a market capitalization of $22.18 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 annualized dividend and a yield of 4.14%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.