Bank of New York Mellon Corp Decreases Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Bank of New York Mellon Corp cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,548,263 shares of the company’s stock after selling 1,155,374 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $459,507,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 40.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,100,486 shares of the company’s stock worth $91,142,000 after acquiring an additional 316,254 shares during the last quarter. Rational Advisors Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 700.0% in the 4th quarter. Rational Advisors Inc. now owns 688 shares of the company’s stock worth $57,000 after acquiring an additional 602 shares during the last quarter. Kesler Norman & Wride LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $292,000. Calton & Associates Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.1% in the 4th quarter. Calton & Associates Inc. now owns 7,327 shares of the company’s stock worth $607,000 after acquiring an additional 550 shares during the last quarter. Finally, Financial Harvest LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 17.5% in the 4th quarter. Financial Harvest LLC now owns 22,487 shares of the company’s stock worth $1,862,000 after acquiring an additional 3,355 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.97 on Thursday. The business has a 50-day moving average of $82.32 and a 200 day moving average of $82.66. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.94 and a fifty-two week high of $83.20. The firm has a market cap of $25.10 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be issued a $0.2429 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) annualized dividend and a yield of 3.6%.

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.