W.G. Shaheen & Associates DBA Whitney & Co Buys New Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,388 shares of the company’s stock, valued at approximately $2,711,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after purchasing an additional 3,451,890 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the last quarter. RPOA Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $301,889,000. The Manufacturers Life Insurance Company raised its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after buying an additional 2,454,485 shares in the last quarter. Finally, Assetmark Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after buying an additional 1,002,453 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY traded down $0.04 during trading on Friday, reaching $81.63. 7,281,400 shares of the company’s stock were exchanged, compared to its average volume of 4,269,880. The company has a 50 day moving average price of $81.38 and a two-hundred day moving average price of $82.08. The stock has a market cap of $27.53 billion, a P/E ratio of 3,747.73 and a beta of 0.05. 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 Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.2544 per share. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 annualized dividend and a yield of 3.7%.

iShares 1-3 Year Treasury Bond ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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