Goelzer Investment Management Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,619 shares of the company’s stock, valued at approximately $1,593,000.
Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its stake 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 worth $1,292,182,000 after buying an additional 3,451,890 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $471,783,000 after acquiring an additional 165,473 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Assetmark Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 18.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,428,740 shares of the company’s stock valued at $200,541,000 after purchasing an additional 372,529 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.
iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%
NASDAQ:SHY opened at $81.36 on Friday. The company has a 50-day moving average of $81.52 and a 200-day moving average of $81.92. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.2410 dividend. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%.
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.
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