Fifth Third Bancorp lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 121.3% during the first quarter, Holdings Channel reports. The fund owned 645,218 shares of the company’s stock after purchasing an additional 353,719 shares during the quarter. Fifth Third Bancorp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $53,276,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after purchasing an additional 6,281,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares during the last quarter. Pinebridge Investments Asia Ltd. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $270,573,000. The Manufacturers Life Insurance Company raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after purchasing an additional 1,887,420 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $121,919,000. Institutional investors and hedge funds own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Performance
iShares 1-3 Year Treasury Bond ETF stock opened at $81.88 on Monday. The stock has a market cap of $25.73 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a 50 day moving average of $82.07 and a 200-day moving average of $82.48. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.81 and a 52 week high of $83.20.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
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.
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