Axxcess Wealth Management LLC Buys 34,133 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Axxcess Wealth Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 83.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,817 shares of the company’s stock after purchasing an additional 34,133 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock valued at $3,728,910,000 after buying an additional 45,609,923 shares during the last quarter. Criteria Caixa S.A.U. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $165,720,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 8,173.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,563,762 shares of the company’s stock valued at $129,370,000 after buying an additional 1,544,860 shares during the last quarter. Advisors Preferred LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 460.7% in the first quarter. Advisors Preferred LLC now owns 1,240,581 shares of the company’s stock valued at $102,323,000 after buying an additional 1,019,314 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2,745.4% in the first quarter. The Manufacturers Life Insurance Company now owns 873,709 shares of the company’s stock valued at $72,282,000 after buying an additional 843,003 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

SHY opened at $83.09 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.67 and a 12-month high of $83.12. The stock has a market cap of $24.01 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The business has a 50 day moving average of $82.84 and a 200-day moving average of $82.65.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given 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.