Israel Discount Bank of New York Takes Position in iShares 1-3 Year Treasury Bond ETF $SHY

Israel Discount Bank of New York bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,545 shares of the company’s stock, valued at approximately $543,000. iShares 1-3 Year Treasury Bond ETF comprises 1.6% of Israel Discount Bank of New York’s portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $25,000. Key Financial Inc lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares during the period. Pflug Koory LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 637.8% in the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 287 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $29,000. Finally, Howe & Rusling Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 36,100.0% during the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock worth $30,000 after buying an additional 361 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 Down 0.0%

Shares of NASDAQ SHY opened at $82.80 on Wednesday. The company has a 50 day simple moving average of $82.88 and a two-hundred day simple moving average of $82.89. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.21 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 will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be given a dividend of $0.223 per share. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.2%.

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.