Camden National Bank Increases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Camden National Bank grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 174,078 shares of the company’s stock after buying an additional 17,699 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 1.9% of Camden National Bank’s portfolio, making the stock its 15th largest holding. Camden National Bank’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $14,374,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SHY. MCF Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $33,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2%

Shares of SHY opened at $81.93 on Wednesday. The firm has a market capitalization of $25.74 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day simple moving average is $82.05 and its 200-day simple moving average is $82.47. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.79 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2383 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.