Commonwealth Equity Services LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 221,353 shares of the company’s stock, valued at approximately $17,974,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during 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 acquiring an additional 3,451,890 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in 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 during the period. RPOA Advisors Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $301,889,000. The Manufacturers Life Insurance Company raised its position 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 buying an additional 2,454,485 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% during 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. 23.15% of the stock is owned by institutional investors and hedge funds.
iShares 1-3 Year Treasury Bond ETF Stock Down 0.3%
SHY opened at $81.32 on Wednesday. The business has a fifty day simple moving average of $81.36 and a 200-day simple moving average of $82.07. The firm has a market cap of $27.45 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.2544 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $3.05 annualized dividend and a yield of 3.8%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.
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.
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