Eastern Bank Buys New Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Eastern Bank purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,515 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHY. Cerity Partners OCIO LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $129,075,000. SG Americas Securities LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,533.3% during the second quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock worth $42,633,000 after buying an additional 490,171 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after buying an additional 422,978 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% in the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after purchasing an additional 379,718 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 75.5% during the second quarter. Renaissance Technologies LLC now owns 847,878 shares of the company’s stock worth $69,229,000 after purchasing an additional 364,878 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ:SHY opened at $82.45 on Friday. The stock has a 50 day moving average of $82.80 and a 200-day moving average of $82.03. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.80 and a 52 week high of $83.30. The firm has a market capitalization of $22.57 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.2883 per share. The ex-dividend date was Tuesday, September 3rd.

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.