Goelzer Investment Management Inc. Purchases 19,619 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Goelzer Investment Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,619 shares of the company’s stock, valued at approximately $1,593,000.

Other large investors have also modified their holdings of the company. Bank of America Corp DE grew its position in iShares 1-3 Year Treasury Bond ETF by 28.3% in 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 purchasing an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after purchasing an additional 165,473 shares during the period. The Manufacturers Life Insurance Company increased its stake 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 valued at $291,110,000 after purchasing an additional 2,454,485 shares during the period. Assetmark Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after buying an additional 1,002,453 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 18.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,428,740 shares of the company’s stock valued at $200,541,000 after buying an additional 372,529 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%

Shares of NASDAQ SHY opened at $81.36 on Friday. The stock has a 50 day simple moving average of $81.52 and a 200-day simple moving average of $81.92. The company has a market cap of $26.96 billion, a PE 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.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.2410 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.89 annualized dividend and a yield of 3.6%. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.