Penobscot Investment Management Company Inc. Makes New Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Penobscot Investment Management Company Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,275 shares of the company’s stock, valued at approximately $1,971,000.

A number of other large investors also recently modified their holdings of the business. RPOA Advisors Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $301,889,000. Bank of America Corp DE raised its stake in 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 worth $1,292,182,000 after acquiring an additional 3,451,890 shares during the period. The Manufacturers Life Insurance Company raised its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after acquiring an additional 2,454,485 shares during the period. Edge Wealth Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 286.0% in 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 last quarter. Finally, Assetmark Inc. lifted its holdings 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 worth $262,216,000 after acquiring an additional 1,002,453 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

Shares of NASDAQ SHY opened at $81.45 on Wednesday. The firm’s 50-day moving average price is $81.45 and its two-hundred day moving average price is $82.14. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20. The stock has a market capitalization of $27.24 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.2410 per share. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.