Sandbox Financial Partners LLC Purchases Shares of 50,518 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sandbox Financial Partners LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, HoldingsChannel reports. The fund purchased 50,518 shares of the company’s stock, valued at approximately $4,179,000. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.5% of Sandbox Financial Partners LLC’s portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Stratos Wealth Partners LTD. increased its stake in iShares 1-3 Year Treasury Bond ETF by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 38,388 shares of the company’s stock valued at $3,147,000 after purchasing an additional 6,506 shares in the last quarter. Stratos Investment Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $223,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,194 shares of the company’s stock worth $10,585,000 after acquiring an additional 10,740 shares in the last quarter. Choreo LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.9% during the fourth quarter. Choreo LLC now owns 23,895 shares of the company’s stock worth $1,958,000 after acquiring an additional 894 shares in the last quarter. Finally, Inman Jager Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $374,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.35 on Friday. The firm has a 50-day moving average of $82.57 and a 200-day moving average of $82.30. The company has a market cap of $24.19 billion, a PE 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.2718 per share. The ex-dividend date was Monday, June 2nd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a $3.26 annualized dividend and a dividend yield of 3.96%.

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.