First Citizens Bank & Trust Co. Makes New Investment in iShares 1-3 Year Treasury Bond ETF $SHY

First Citizens Bank & Trust Co. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 130,993 shares of the company’s stock, valued at approximately $10,637,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tower View Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 11.4% in the 1st quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after buying an additional 132 shares during the period. Cahaba Wealth Management Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% during the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after buying an additional 133 shares during the period. TD Waterhouse Canada Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock worth $1,618,000 after buying an additional 141 shares during the period. Christensen King & Associates Investment Services Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% during the first quarter. Christensen King & Associates Investment Services Inc. now owns 29,080 shares of the company’s stock worth $2,401,000 after buying an additional 153 shares during the period. Finally, Centaurus Financial Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.8% during the first quarter. Centaurus Financial Inc. now owns 2,604 shares of the company’s stock valued at $215,000 after acquiring an additional 165 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $81.19 on Wednesday. The firm’s 50 day moving average price is $81.56 and its 200-day moving average price is $81.94. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The firm has a market cap of $26.70 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2410 dividend. 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. This represents a $2.89 annualized dividend and a yield of 3.6%.

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.