37,297 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Bought by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,297 shares of the company’s stock, valued at approximately $3,029,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 2.6% of Arrow Investment Advisors LLC’s holdings, making the stock its 13th largest position.

Several other large investors also recently modified their holdings of SHY. Bank of America Corp DE lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during the first 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 during the period. RPOA Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $301,889,000. The Manufacturers Life Insurance Company increased its position in shares of 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 valued at $291,110,000 after purchasing an additional 2,454,485 shares during the last quarter. Finally, Assetmark Inc. raised 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 purchasing an additional 1,002,453 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $81.63 on Friday. The firm’s 50 day moving average price is $81.38 and its 200-day moving average price is $82.08. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20. The company has a market cap of $27.53 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.2544 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 2nd.

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.