Bank of Montreal Can Decreases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Bank of Montreal Can cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,548,657 shares of the company’s stock after selling 107,644 shares during the quarter. Bank of Montreal Can owned about 1.25% of iShares 1-3 Year Treasury Bond ETF worth $294,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 125 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $39,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $40,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $82.98 on Monday. The business has a 50 day moving average price of $82.94 and a 200 day moving average price of $82.69. The company has a market capitalization of $24.16 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.2563 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, 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.