iShares 1-3 Year Treasury Bond ETF $SHY Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 189,271 shares of the company’s stock, valued at approximately $15,369,000. Park Avenue Securities LLC owned 0.06% of iShares 1-3 Year Treasury Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHY. Bank of America Corp DE lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after acquiring an additional 3,451,890 shares during the period. Bank of New York Mellon Corp boosted its position in shares of 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 acquiring an additional 165,473 shares in the last quarter. RPOA Advisors Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $301,889,000. The Manufacturers Life Insurance Company increased its stake in 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 valued at $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Finally, Assetmark Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of 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 P/E 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 two-hundred day simple moving average of $82.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.2410 dividend. 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 drop 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.