M&T Bank Corp Purchases 291,373 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

M&T Bank Corp increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 77.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 669,583 shares of the company’s stock after acquiring an additional 291,373 shares during the quarter. M&T Bank Corp owned about 0.25% of iShares 1-3 Year Treasury Bond ETF worth $55,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock valued at $225,000 after acquiring an additional 131 shares during the period. SPC Financial Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the 3rd quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after acquiring an additional 140 shares during the last quarter. Secure Asset Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the second quarter. Secure Asset Management LLC now owns 7,528 shares of the company’s stock worth $615,000 after acquiring an additional 148 shares during the period. Aveo Capital Partners LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1.0% during the second quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock worth $1,229,000 after acquiring an additional 148 shares during the period. Finally, Acorn Wealth Advisors LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.20 on Tuesday. The stock has a market cap of $22.20 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm has a fifty day moving average price of $82.29 and a 200 day moving average price of $82.24. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were paid a $0.2653 dividend. The ex-dividend date was Monday, December 2nd.

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.