Bank of Montreal Can Buys 41,969 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bank of Montreal Can grew its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,135,345 shares of the company’s stock after buying an additional 41,969 shares during the quarter. Bank of Montreal Can owned 1.90% of iShares 1-3 Year Treasury Bond ETF worth $427,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. WestEnd Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $30,000. Financial Connections Group Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $31,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $68,000. Rational Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $67,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after buying an additional 167 shares during the period. 23.62% of the stock is currently owned by institutional investors.

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

NASDAQ:SHY traded up $0.12 on Monday, reaching $82.13. 174,520 shares of the company’s stock traded hands, compared to its average volume of 4,006,145. The stock has a 50-day simple moving average of $82.51 and a 200-day simple moving average of $82.18. The firm has a market cap of $22.18 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2831 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF Company 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.