39,826 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,826 shares of the company’s stock, valued at approximately $3,300,000.

Other institutional investors have also added to or reduced their stakes in the company. Patten & Patten Inc. TN raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.3% during the 2nd quarter. Patten & Patten Inc. TN now owns 45,976 shares of the company’s stock valued at $3,810,000 after purchasing an additional 3,504 shares during the period. Morris Financial Concepts Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.7% during the 2nd quarter. Morris Financial Concepts Inc. now owns 106,371 shares of the company’s stock valued at $8,814,000 after purchasing an additional 5,698 shares during the period. Mutual Advisors LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 10.7% during the 2nd quarter. Mutual Advisors LLC now owns 102,038 shares of the company’s stock valued at $8,423,000 after purchasing an additional 9,891 shares during the period. SFG Wealth Management LLC. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $2,144,000. Finally, Aries Wealth Management raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 16.9% during the 2nd quarter. Aries Wealth Management now owns 39,397 shares of the company’s stock valued at $3,264,000 after purchasing an additional 5,707 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $83.06 on Friday. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.14. The company’s fifty day moving average price is $82.90 and its 200-day moving average price is $82.67.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a $0.2563 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.