iShares 1-3 Year Treasury Bond ETF $SHY Stock: Israel Discount Bank of New York Increases Position

Israel Discount Bank of New York grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 112.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 53,155 shares of the company’s stock after buying an additional 28,088 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 7.8% of Israel Discount Bank of New York’s investment portfolio, making the stock its 2nd largest holding. Israel Discount Bank of New York’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,316,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Tower View Wealth Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% during the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after acquiring an additional 132 shares in the last quarter. Cahaba Wealth Management Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% during the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after purchasing an additional 133 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock valued at $1,618,000 after buying an additional 141 shares during the period. Christensen King & Associates Investment Services Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% in the first quarter. Christensen King & Associates Investment Services Inc. now owns 29,080 shares of the company’s stock worth $2,401,000 after buying an additional 153 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.8% in the first quarter. Centaurus Financial Inc. now owns 2,604 shares of the company’s stock worth $215,000 after buying an additional 165 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY traded down $0.07 on Wednesday, hitting $81.12. The company had a trading volume of 1,385,217 shares, compared to its average volume of 4,247,654. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20. The stock has a fifty day simple moving average of $81.56 and a 200-day simple moving average of $81.94. The firm has a market capitalization of $26.67 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%.

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.