Boltwood Capital Management Buys New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Boltwood Capital Management purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, HoldingsChannel reports. The firm purchased 88,031 shares of the company’s stock, valued at approximately $7,148,000. iShares 1-3 Year Treasury Bond ETF makes up 1.6% of Boltwood Capital Management’s investment portfolio, making the stock its 16th largest holding.

A number of other large investors also recently modified their holdings of the business. Captrust Financial Advisors lifted 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 worth $1,487,841,000 after acquiring an additional 940,434 shares during the period. Bank of America Corp DE raised 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 worth $1,292,182,000 after purchasing an additional 3,451,890 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares in 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 first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in 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 purchasing an additional 2,454,485 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY traded down $0.05 during trading on Friday, reaching $81.05. 3,365,887 shares of the company traded hands, compared to its average volume of 4,290,703. The stock’s 50 day moving average price is $81.68 and its two-hundred day moving average price is $82.01. The company has a market cap 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 has a 1-year low of $80.95 and a 1-year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.