LWM Advisors Inc. Grows Stake in iShares 1-3 Year Treasury Bond ETF $SHY

LWM Advisors Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 121,914 shares of the company’s stock after purchasing an additional 14,601 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 7.5% of LWM Advisors Inc.’s portfolio, making the stock its 4th largest holding. LWM Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,010,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares during the last quarter. Bank of America Corp DE increased its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% in 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 purchasing an additional 3,451,890 shares during the period. Pinebridge Investments Asia Ltd. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $270,573,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after purchasing an additional 1,887,420 shares during the last quarter. Finally, Mizuho Markets Cayman LP purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $121,919,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.92 on Monday. The firm has a fifty day moving average price of $81.95 and a 200-day moving average price of $82.36. The firm has a market capitalization 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 has a 12-month low of $81.75 and a 12-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, August 6th. Shareholders of record on Monday, August 3rd were given a $0.2508 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 3.7%.

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.