King Luther Capital Management Corp Acquires 234 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

King Luther Capital Management Corp increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,206 shares of the company’s stock after purchasing an additional 234 shares during the period. King Luther Capital Management Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $30,000. Financial Connections Group Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $31,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $68,000. Rational Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $67,000. Finally, Creative Financial Designs Inc. ADV grew its position in 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 last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.01 on Friday. The company has a market capitalization of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The company’s 50 day moving average price is $82.51 and its two-hundred day moving average price is $82.17.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.