77,645 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Fifth Third Securities Inc.

Fifth Third Securities Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,645 shares of the company’s stock, valued at approximately $6,305,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Mather Group LLC. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $30,000. Weaver Capital Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $34,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $38,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

SHY traded up $0.01 during trading hours on Wednesday, hitting $81.31. The company’s stock had a trading volume of 795,399 shares, compared to its average volume of 4,242,404. The stock has a market cap of $27.12 billion, a price-to-earnings 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. The business’s 50-day moving average price is $81.50 and its 200-day moving average price is $81.90.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.2410 per share. The ex-dividend date of this dividend was Thursday, October 1st. 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.

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.