Founders Capital Management Invests $192,000 in iShares Barclays 1-3 Year Treasry Bnd Fd (SHY) Stock

Founders Capital Management bought a new position in iShares Barclays 1-3 Year Treasry Bnd Fd (BMV:SHY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,300 shares of the company’s stock, valued at approximately $192,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Polaris Greystone Financial Group LLC acquired a new stake in shares of iShares Barclays 1-3 Year Treasry Bnd Fd during the 2nd quarter valued at $459,000. UBP Investment Advisors SA lifted its position in shares of iShares Barclays 1-3 Year Treasry Bnd Fd by 10.3% during the 2nd quarter. UBP Investment Advisors SA now owns 18,000 shares of the company’s stock valued at $1,490,000 after acquiring an additional 1,684 shares during the last quarter. Curbstone Financial Management Corp acquired a new stake in shares of iShares Barclays 1-3 Year Treasry Bnd Fd during the 2nd quarter valued at $456,000. Avondale Wealth Management acquired a new stake in shares of iShares Barclays 1-3 Year Treasry Bnd Fd during the 2nd quarter valued at $160,000. Finally, Rockland Trust Co. acquired a new stake in shares of iShares Barclays 1-3 Year Treasry Bnd Fd during the 2nd quarter valued at $209,000.

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Shares of BMV:SHY traded down $0.05 on Monday, reaching $83.23. 5 shares of the company traded hands, compared to its average volume of 96,794. iShares Barclays 1-3 Year Treasry Bnd Fd has a fifty-two week low of $1,477.38 and a fifty-two week high of $1,667.15.

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 9th. Stockholders of record on Tuesday, July 3rd will be given a dividend of $0.1299 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, July 2nd. This is an increase from iShares Barclays 1-3 Year Treasry Bnd Fd’s previous monthly dividend of $0.13.