Cabot Wealth Management Inc. Purchases New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Cabot Wealth Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 99,708 shares of the company’s stock, valued at approximately $8,096,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE increased its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% during 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 during the period. Bank of New York Mellon Corp lifted its holdings 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 buying an additional 165,473 shares during the period. RPOA Advisors Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $301,889,000. The Manufacturers Life Insurance Company lifted its holdings 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 buying an additional 2,454,485 shares during the period. Finally, Assetmark Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 46.1% during the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after buying an additional 1,002,453 shares during the period. 23.15% of the stock is currently owned by institutional investors.

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

Shares of NASDAQ SHY opened at $81.31 on Thursday. The stock has a market capitalization of $27.44 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day simple moving average is $81.35 and its two-hundred day simple moving average is $82.06. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.2544 dividend. This represents a $3.05 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

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.