Kelleher Financial Advisors decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 49.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,561 shares of the company’s stock after selling 21,421 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 0.5% of Kelleher Financial Advisors’ portfolio, making the stock its 29th largest holding. Kelleher Financial Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,751,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. RPOA Advisors Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $301,889,000. Bank of America Corp DE increased its holdings in shares of 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 increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in the second 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 during the last quarter. AIA Group Ltd purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $123,450,000. Finally, Edge Wealth Management LLC lifted its position in shares of 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 buying an additional 1,125,105 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.
iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%
Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.50 on Thursday. The firm has a market cap of $27.42 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock has a 50 day moving average of $81.39 and a 200 day moving average of $82.10. 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 Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a dividend of $0.2544 per share. The ex-dividend date of this dividend is 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 dividend on an annualized basis and a yield of 3.7%.
About iShares 1-3 Year Treasury Bond ETF
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.
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