First Citizens Bank & Trust Co. Makes New Investment in iShares 1-3 Year Treasury Bond ETF $SHY

First Citizens Bank & Trust Co. purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 67,095 shares of the company’s stock, valued at approximately $5,566,000.

Several other large investors also recently modified their holdings of SHY. Beaumont Financial Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 58.2% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 4,854 shares of the company’s stock worth $402,000 after acquiring an additional 1,785 shares during the period. 1834 Investment Advisors Co. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 7.8% during the 2nd quarter. 1834 Investment Advisors Co. now owns 3,465 shares of the company’s stock valued at $287,000 after purchasing an additional 252 shares in the last quarter. ORG Wealth Partners LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 27.4% during the 2nd quarter. ORG Wealth Partners LLC now owns 1,096 shares of the company’s stock valued at $90,000 after purchasing an additional 236 shares in the last quarter. TRU Independence Asset Management 2 LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 3.7% during the second quarter. TRU Independence Asset Management 2 LLC now owns 32,815 shares of the company’s stock worth $2,719,000 after purchasing an additional 1,157 shares during the period. Finally, Cahaba Wealth Management Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 0.9% in the second quarter. Cahaba Wealth Management Inc. now owns 24,077 shares of the company’s stock worth $1,995,000 after purchasing an additional 226 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 SHY opened at $82.84 on Friday. The firm has a market cap of $23.74 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.87 and a 52-week high of $83.14. The business’s 50 day moving average price is $82.86 and its two-hundred day moving average price is $82.82.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.2548 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, December 19th.

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.