ST Germain D J Co. Inc. Has $126,000 Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

ST Germain D J Co. Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 517.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,526 shares of the company’s stock after purchasing an additional 1,279 shares during the quarter. ST Germain D J Co. Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accredited Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $32,000. Finally, Carolinas Wealth Consulting LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 162.2% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock worth $34,000 after acquiring an additional 253 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.44 on Thursday. The company has a market capitalization of $24.21 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.26 and a 52-week high of $83.30. The business has a 50-day simple moving average of $82.58 and a two-hundred day simple moving average of $82.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd will be issued a $0.2718 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Monday, June 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.