NBT Bank N.A. Acquires New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

NBT Bank N.A. bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,709 shares of the company’s stock, valued at approximately $6,635,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHY. RPOA Advisors Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $301,889,000. Bank of America Corp DE lifted its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after acquiring an additional 3,451,890 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Edge Wealth Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 286.0% in the third quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock valued at $123,284,000 after acquiring an additional 1,125,105 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the period. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $81.52 on Friday. The company has a market cap of $27.20 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average of $81.48 and a 200-day moving average of $81.89. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2410 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.