iShares 1-3 Year Treasury Bond ETF $SHY Stock: Israel Discount Bank of New York Boosts Stake

Israel Discount Bank of New York raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 112.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,155 shares of the company’s stock after purchasing an additional 28,088 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 7.8% of Israel Discount Bank of New York’s investment portfolio, making the stock its 2nd largest position. Israel Discount Bank of New York’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,316,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY traded down $0.07 during mid-day trading on Wednesday, hitting $81.12. 1,385,217 shares of the company’s stock were exchanged, compared to its average volume of 4,247,654. The company has a market cap of $26.67 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The business has a fifty day moving average price of $81.56 and a 200 day moving average price of $81.94.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.