8,989 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,989 shares of the company’s stock, valued at approximately $730,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHY. Bank of America Corp DE lifted its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% in 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 purchasing an additional 3,451,890 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of 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 valued at $291,110,000 after acquiring an additional 2,454,485 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of 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 valued at $262,216,000 after purchasing an additional 1,002,453 shares during the period. Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after purchasing an additional 940,434 shares during the period. Finally, CX Institutional lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 118.8% in the 2nd quarter. CX Institutional now owns 894,736 shares of the company’s stock worth $73,467,000 after buying an additional 485,882 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY traded up $0.04 during trading hours on Wednesday, reaching $81.17. The company’s stock had a trading volume of 2,068,821 shares, compared to its average volume of 4,274,928. The stock has a 50 day moving average price of $81.63 and a two-hundred day moving average price of $81.98. The company has a market capitalization of $26.35 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.2410 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change 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.