iShares 1-3 Year Treasury Bond ETF $SHY Stock: Laurel Wealth Advisors LLC Boosts Stake

Laurel Wealth Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,639 shares of the company’s stock after buying an additional 7,472 shares during the period. Laurel Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,543,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Bank of America Corp DE raised its stake 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 worth $1,292,182,000 after acquiring an additional 3,451,890 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 valued at $471,783,000 after acquiring an additional 165,473 shares during the period. RPOA Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $301,889,000. The Manufacturers Life Insurance Company boosted its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of 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 valued at $262,216,000 after purchasing an additional 1,002,453 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $81.47 on Thursday. The firm has a market capitalization of $27.24 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock has a 50 day moving average of $81.44 and a 200-day moving average of $82.13. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2410 dividend. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.89 annualized dividend and a dividend yield of 3.5%.

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.