Canandaigua National Trust Co of Florida Acquires New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

Canandaigua National Trust Co of Florida acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, Holdings Channel reports. The institutional investor acquired 15,806 shares of the company’s stock, valued at approximately $1,283,000.

Several other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares during the period. Bank of America Corp DE increased its holdings 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 in the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $878,695,000 after buying an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in 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 acquiring an additional 165,473 shares during the period. Finally, 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. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

Shares of NASDAQ:SHY traded up $0.03 during trading on Wednesday, reaching $81.16. 4,083,448 shares of the company’s stock traded hands, compared to its average volume of 4,285,900. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20. The company has a 50-day simple moving average of $81.63 and a 200-day simple moving average of $81.98. The firm has a market cap of $26.34 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.2410 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st.

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.