JPMorgan Chase & Co. Buys 3,731,847 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

JPMorgan Chase & Co. increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 47.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,544,623 shares of the company’s stock after purchasing an additional 3,731,847 shares during the quarter. JPMorgan Chase & Co. owned 4.10% of iShares 1-3 Year Treasury Bond ETF worth $946,428,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Blueprint Investment Partners LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.2% in the 4th quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock worth $546,000 after purchasing an additional 142 shares in the last quarter. Center For Asset Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 5.8% in the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after buying an additional 145 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after buying an additional 147 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after buying an additional 152 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock worth $818,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.67 on Friday. The stock has a market cap of $23.30 billion, a PE ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The firm has a fifty day moving average price of $82.28 and a 200-day moving average price of $82.31.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

iShares 1-3 Year Treasury Bond ETF Company 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.