RPOA Advisors Inc. Acquires New Stake in iShares 1-3 Year Treasury Bond ETF $SHY

RPOA Advisors Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,717,842 shares of the company’s stock, valued at approximately $301,889,000. iShares 1-3 Year Treasury Bond ETF makes up 9.0% of RPOA Advisors Inc.’s holdings, making the stock its 6th biggest holding.

Several other large investors have also recently bought and sold shares of SHY. Bank of America Corp DE boosted its position in iShares 1-3 Year Treasury Bond ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after buying an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Assetmark Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after acquiring an additional 1,002,453 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 18.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,428,740 shares of the company’s stock worth $200,541,000 after acquiring an additional 372,529 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

iShares 1-3 Year Treasury Bond ETF stock opened at $81.31 on Tuesday. The business’s 50-day simple moving average is $81.51 and its 200 day simple moving average is $81.91. The stock has a market cap of $26.95 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 12-month low of $80.95 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2410 dividend. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, October 1st.

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.