Bank of New York Mellon Corp Increases Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Bank of New York Mellon Corp grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,703,637 shares of the company’s stock after buying an additional 272,758 shares during the period. Bank of New York Mellon Corp owned approximately 2.30% of iShares 1-3 Year Treasury Bond ETF worth $556,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SHY. Hantz Financial Services Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $25,000. Pflug Koory LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% during the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 287 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $29,000. Howe & Rusling Inc. raised its holdings in shares of 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 valued at $30,000 after buying an additional 361 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $38,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.89 on Thursday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.87 and a one year high of $83.14. The firm’s 50 day simple moving average is $82.86 and its two-hundred day simple moving average is $82.83. The stock has a market capitalization of $24.10 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.2548 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.