MBA Advisors LLC Buys 10,864 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

MBA Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,878 shares of the company’s stock after buying an additional 10,864 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 4.0% of MBA Advisors LLC’s portfolio, making the stock its 5th biggest holding. MBA Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SHY. Bank of America Corp DE increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during 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. Bank of New York Mellon Corp lifted its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after acquiring an additional 165,473 shares in the last quarter. RPOA Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $301,889,000. The Manufacturers Life Insurance Company boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 225.0% during 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 acquiring an additional 2,454,485 shares during the period. Finally, Assetmark Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 46.1% during 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. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $81.46 on Tuesday. The firm has a market capitalization of $27.44 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day moving average is $81.42 and its two-hundred day moving average is $82.11. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.95 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a $0.2544 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date is Monday, November 2nd.

iShares 1-3 Year Treasury Bond ETF 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.