Bank of New York Mellon Corp Buys 272,758 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Bank of New York Mellon Corp boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,703,637 shares of the company’s stock after buying an additional 272,758 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $556,134,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SHY. Hantz Financial Services Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $25,000. Pflug Koory LLC raised its holdings in 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 buying an additional 287 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $29,000. Howe & Rusling Inc. boosted 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 valued at $30,000 after buying an additional 361 shares during the period. Finally, Grey Fox Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $38,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.89 on Thursday. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day moving average price is $82.86 and its two-hundred day moving average price is $82.83. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.87 and a 12-month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.