King Luther Capital Management Corp bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,935 shares of the company’s stock, valued at approximately $1,213,000.
A number of other large investors have also bought and sold shares of the business. Bank of America Corp DE grew its position in iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after acquiring an additional 3,451,890 shares during the last quarter. RPOA Advisors Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $301,889,000. The Manufacturers Life Insurance Company raised its position in iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after purchasing an additional 2,454,485 shares during the last quarter. PNC Financial Services Group Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 18.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,428,740 shares of the company’s stock valued at $200,541,000 after purchasing an additional 372,529 shares during the last quarter. Finally, AIA Group Ltd bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $123,450,000. 23.15% of the stock is currently owned by institutional investors.
iShares 1-3 Year Treasury Bond ETF Stock Performance
iShares 1-3 Year Treasury Bond ETF stock traded up $0.03 on Friday, reaching $81.17. The company’s stock had a trading volume of 3,510,545 shares, compared to its average volume of 4,354,500. The business’s fifty day moving average price is $81.33 and its 200 day moving average price is $82.05. The company has a market cap of $27.39 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.2544 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 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.
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