Cullen Frost Bankers Inc. Grows Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Cullen Frost Bankers Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.6% during the 1st quarter, Holdings Channel reports. The firm owned 13,625 shares of the company’s stock after buying an additional 1,523 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHY. Flagship Harbor Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 3.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock valued at $965,000 after acquiring an additional 351 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 176.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock worth $85,000 after purchasing an additional 653 shares during the period. Investment Advisory Group LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the 1st quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock worth $2,825,000 after acquiring an additional 1,723 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 253.8% in the fourth quarter. Deutsche Bank AG now owns 8,457 shares of the company’s stock worth $693,000 after buying an additional 6,067 shares in the last quarter. Finally, Kiker Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $3,036,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.46 on Friday. The company’s 50-day simple moving average is $82.46 and its two-hundred day simple moving average is $82.40. The stock has a market capitalization of $23.69 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 $81.67 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were issued a dividend of $0.2641 per share. This represents a $3.17 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Tuesday, July 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.