Northwestern Mutual Wealth Management Co. Acquires 203,838 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Northwestern Mutual Wealth Management Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,290,103 shares of the company’s stock after acquiring an additional 203,838 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.44% of iShares 1-3 Year Treasury Bond ETF worth $106,846,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Key Financial Inc raised its holdings in iShares 1-3 Year Treasury Bond ETF by 158.1% in the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares during the period. Lodestone Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Holos Integrated Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Valley National Advisers Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $33,000. Finally, Accredited Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 50.0% in the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.30 on Friday. The firm’s fifty day moving average is $82.34 and its two-hundred day moving average is $82.68. The firm has a market cap of $25.20 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.00 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.2428 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a 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.