Oppenheimer & Co. Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 86,931 shares of the company’s stock, valued at approximately $7,059,000.
A number of other institutional investors have also recently added to or reduced their stakes in SHY. Bank of America Corp DE increased its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after buying an additional 3,451,890 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after acquiring an additional 165,473 shares in the last quarter. RPOA Advisors Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $301,889,000. The Manufacturers Life Insurance Company boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after acquiring an additional 2,454,485 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after acquiring an additional 1,002,453 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Price Performance
SHY opened at $81.47 on Thursday. The stock has a market cap of $27.24 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock’s 50 day simple moving average is $81.44 and its 200 day simple moving average is $82.13. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.95 and a 1-year high of $83.20.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2410 per share. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a yield of 3.5%.
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.
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