77,645 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Fifth Third Securities Inc.

Fifth Third Securities Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 77,645 shares of the company’s stock, valued at approximately $6,305,000.

A number of other institutional investors also recently bought and sold shares of SHY. RPOA Advisors Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $301,889,000. Bank of America Corp DE boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during 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 acquiring an additional 3,451,890 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 purchasing an additional 2,454,485 shares during the period. Edge Wealth Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 286.0% during the third quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock worth $123,284,000 after acquiring an additional 1,125,105 shares during the period. Finally, Assetmark Inc. boosted 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 worth $262,216,000 after buying an additional 1,002,453 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY traded up $0.01 during mid-day trading on Wednesday, reaching $81.31. The company’s stock had a trading volume of 795,399 shares, compared to its average volume of 4,242,404. The stock has a 50-day moving average of $81.50 and a two-hundred day moving average of $81.90. The stock has a market capitalization of $27.12 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 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 paid a dividend of $0.2410 per share. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date of this dividend was Thursday, October 1st.

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.