Montecito Bank & Trust Invests $516,000 in iShares 1-3 Year Treasury Bond ETF $SHY

Montecito Bank & Trust purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,223 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors also recently bought and sold shares of SHY. Hantz Financial Services Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at $25,000. Delos Wealth Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $29,000. Howe & Rusling Inc. grew its holdings 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 purchasing an additional 361 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in iShares 1-3 Year Treasury Bond ETF by 45.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 125 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $39,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $83.03 on Friday. The stock’s 50 day moving average price is $82.93 and its 200-day moving average price is $82.76. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.71 and a one year high of $83.14. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were given a $0.2488 dividend. The ex-dividend date of this dividend was Monday, December 1st.

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.