Prudential PLC Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Prudential PLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $295,000.

Other large investors have also added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $31,526,000. Wescott Financial Advisory Group LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.4% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 32,981 shares of the company’s stock valued at $2,704,000 after purchasing an additional 3,650 shares in the last quarter. World Investment Advisors lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.6% in the fourth quarter. World Investment Advisors now owns 100,127 shares of the company’s stock worth $8,208,000 after purchasing an additional 6,224 shares during the period. Biltmore Family Office LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 0.4% in the 4th quarter. Biltmore Family Office LLC now owns 72,777 shares of the company’s stock valued at $5,966,000 after buying an additional 307 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $348,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1 %

Shares of NASDAQ:SHY opened at $82.64 on Wednesday. The company has a 50 day moving average of $82.36 and a 200-day moving average of $82.27. The firm has a market cap of $22.98 billion, a P/E ratio of 3,758.18 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.2798 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 annualized dividend and a dividend yield of 4.06%.

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.