Ameriprise Financial Inc. Buys 490,469 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Ameriprise Financial Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,043,180 shares of the company’s stock after acquiring an additional 490,469 shares during the period. Ameriprise Financial Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $334,519,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SHY. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 8,173.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,563,762 shares of the company’s stock valued at $129,370,000 after purchasing an additional 1,544,860 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.4% during the 4th quarter. Bank of America Corp DE now owns 15,282,874 shares of the company’s stock valued at $1,252,890,000 after purchasing an additional 1,308,640 shares in the last quarter. Advisors Preferred LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 460.7% during the 1st quarter. Advisors Preferred LLC now owns 1,240,581 shares of the company’s stock valued at $102,323,000 after purchasing an additional 1,019,314 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% during the 4th quarter. Captrust Financial Advisors now owns 9,232,624 shares of the company’s stock valued at $756,890,000 after purchasing an additional 766,782 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 136.8% during the 4th quarter. Focus Partners Wealth now owns 1,279,761 shares of the company’s stock valued at $104,915,000 after purchasing an additional 739,299 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.85 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.30. The stock’s 50-day moving average is $82.59 and its 200 day moving average is $82.50. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were given a dividend of $0.2698 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, August 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

About iShares 1-3 Year Treasury Bond ETF

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.