189,271 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, Holdings Channel.com reports. The firm bought 189,271 shares of the company’s stock, valued at approximately $15,369,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE boosted 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 in the last quarter. Bank of New York Mellon Corp increased its position in 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 purchasing an additional 165,473 shares in the last quarter. RPOA Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $301,889,000. The Manufacturers Life Insurance Company increased its position in 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 purchasing an additional 2,454,485 shares in the last quarter. Finally, Assetmark Inc. lifted its stake 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 valued at $262,216,000 after purchasing an additional 1,002,453 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $81.45 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The company has a market cap of $27.24 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm has a 50 day simple moving average of $81.45 and a 200 day simple moving average of $82.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a dividend 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 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.