300,000 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Bought by CVS HEALTH Corp

CVS HEALTH Corp acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent filing with the SEC. The firm acquired 300,000 shares of the company’s stock, valued at approximately $24,360,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 5.7% of CVS HEALTH Corp’s holdings, making the stock its 7th biggest holding.

Several other hedge funds have also recently made changes to their positions in SHY. King Luther Capital Management Corp purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $1,213,000. Bingham Private Wealth LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% during the third quarter. Bingham Private Wealth LLC now owns 8,603 shares of the company’s stock valued at $699,000 after acquiring an additional 197 shares in the last quarter. New South Capital Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $741,000. Ndwm LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 10.0% in the third quarter. Ndwm LLC now owns 20,299 shares of the company’s stock worth $1,648,000 after acquiring an additional 1,845 shares during the period. Finally, Cabot Wealth Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $8,096,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ:SHY opened at $81.31 on Thursday. The stock has a market cap of $27.44 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day simple moving average is $81.35 and its 200 day simple moving average is $82.06. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.