Allianz SE Buys New Shares in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Allianz SE bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, Holdings Channel reports. The institutional investor bought 300,647 shares of the company’s stock, valued at approximately $24,647,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.6% of Allianz SE’s portfolio, making the stock its 27th largest position.

Several other large investors have also recently bought and sold shares of SHY. Transamerica Financial Advisors Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 12,368.4% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 47,006 shares of the company’s stock valued at $3,854,000 after buying an additional 46,629 shares during the last quarter. Hobbs Group Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% in the fourth quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock valued at $813,000 after acquiring an additional 136 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.9% in the 4th quarter. Level Four Advisory Services LLC now owns 13,386 shares of the company’s stock valued at $1,097,000 after acquiring an additional 3,000 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 252,172 shares of the company’s stock worth $20,673,000 after purchasing an additional 8,588 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.5% during the 4th quarter. Blair William & Co. IL now owns 59,988 shares of the company’s stock worth $4,918,000 after purchasing an additional 2,046 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.67 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a market capitalization of $23.30 billion, a P/E ratio of 3,745.00 and a beta of 0.01. The company has a 50-day simple moving average of $82.28 and a 200 day simple moving average of $82.31.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

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.