23,378 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 23,378 shares of the company’s stock, valued at approximately $1,898,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its position 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 buying an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in 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 worth $471,783,000 after buying an additional 165,473 shares during the period. RPOA Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $301,889,000. The Manufacturers Life Insurance Company raised its position 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 worth $291,110,000 after buying an additional 2,454,485 shares during the last quarter. Finally, Assetmark Inc. raised its position 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 worth $262,216,000 after buying an additional 1,002,453 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 Price Performance

SHY stock opened at $81.50 on Friday. The company has a market capitalization of $27.27 billion, a P/E 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. The firm’s fifty day simple moving average is $81.47 and its 200-day simple moving average is $81.88.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.2410 dividend. 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. This represents a $2.89 dividend on an annualized basis and a yield of 3.5%.

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.