Bank of America Corp DE Purchases 133,178 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Bank of America Corp DE lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,740,171 shares of the company’s stock after acquiring an additional 133,178 shares during the quarter. Bank of America Corp DE owned approximately 4.07% of iShares 1-3 Year Treasury Bond ETF worth $973,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Argyle Capital Partners LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 80.9% in the third quarter. Argyle Capital Partners LLC now owns 32,584 shares of the company’s stock valued at $2,703,000 after purchasing an additional 14,571 shares during the last quarter. 1858 Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $3,475,000. Alliancebernstein L.P. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.5% in the third quarter. Alliancebernstein L.P. now owns 391,065 shares of the company’s stock valued at $32,443,000 after buying an additional 5,876 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock valued at $388,325,000 after buying an additional 257,934 shares during the period. Finally, NCM Capital Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 21.1% in the 3rd quarter. NCM Capital Management LLC now owns 11,589 shares of the company’s stock valued at $961,000 after buying an additional 2,020 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.65 on Tuesday. The firm’s 50 day simple moving average is $82.86 and its 200 day simple moving average is $82.88. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.21 and a one year high of $83.20. The company has a market cap of $24.16 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.223 dividend. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, March 2nd.

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.