88,031 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Boltwood Capital Management

by · The Markets Daily

Boltwood Capital Management acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 88,031 shares of the company’s stock, valued at approximately $7,148,000. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.6% of Boltwood Capital Management’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in 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 buying an additional 3,451,890 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of 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 acquiring an additional 2,454,485 shares in the last quarter. Assetmark Inc. increased its holdings in shares of 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 last quarter. Captrust Financial Advisors increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after acquiring an additional 940,434 shares during the last quarter. Finally, CX Institutional raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 118.8% in the 2nd quarter. CX Institutional now owns 894,736 shares of the company’s stock valued at $73,467,000 after acquiring an additional 485,882 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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

SHY stock traded down $0.05 during midday trading on Friday, hitting $81.05. 3,365,887 shares of the company traded hands, compared to its average volume of 4,290,703. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20. The business has a 50 day simple moving average of $81.68 and a 200-day simple moving average of $82.01. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

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