Buckhead Capital Management LLC Acquires New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Buckhead Capital Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 6,572 shares of the company’s stock, valued at approximately $534,000.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE increased 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 valued at $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during 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 buying an additional 165,473 shares in the last quarter. RPOA Advisors Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $301,889,000. The Manufacturers Life Insurance Company lifted 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 during the last quarter. Finally, Assetmark Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during 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. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $81.63 on Friday. The stock’s 50-day simple moving average is $81.38 and its 200 day simple moving average is $82.08. The firm has a market capitalization of $27.55 billion, a PE 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 Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.2544 per share. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 annualized dividend and a yield of 3.7%.

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.