TIAA Trust National Association Raises Stake in iShares 1-3 Year Treasury Bond ETF $SHY

TIAA Trust National Association raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,010 shares of the company’s stock after acquiring an additional 10,938 shares during the quarter. TIAA Trust National Association’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,277,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHY. Captrust Financial Advisors raised its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% during the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after purchasing an additional 133,178 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 5.8% during the third quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock worth $388,325,000 after purchasing an additional 257,934 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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

SHY stock opened at $81.94 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.86 and a twelve month high of $83.20. The company’s 50 day moving average is $82.29 and its two-hundred day moving average is $82.63. The stock has a market cap of $25.09 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.