First Citizens Bank & Trust Co. Acquires 130,993 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

First Citizens Bank & Trust Co. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 130,993 shares of the company’s stock, valued at approximately $10,637,000.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Ashton Thomas Securities LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $30,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $38,000. Beacon Financial Strategies CORP purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $38,000. Finally, Union Savings Bank purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.19 on Wednesday. The stock has a market capitalization of $26.70 billion, a PE 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. The company’s 50-day simple moving average is $81.56 and its 200-day simple moving average is $81.94.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.