M&T Bank Corp Sells 334,711 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

M&T Bank Corp decreased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 47.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 371,484 shares of the company’s stock after selling 334,711 shares during the period. M&T Bank Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $30,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHY. Key Financial Inc boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after acquiring an additional 196 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 50.0% in the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $82.15 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.10 and a one year high of $83.20. The stock has a market cap of $25.15 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a 50 day simple moving average of $82.58 and a two-hundred day simple moving average of $82.78.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be issued a dividend of $0.2428 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, May 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.