Northwestern Mutual Wealth Management Co. Acquires 4,206,546 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 387.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,292,811 shares of the company’s stock after purchasing an additional 4,206,546 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.81% of iShares 1-3 Year Treasury Bond ETF worth $438,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock valued at $10,916,000 after acquiring an additional 916 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 103.3% in the 2nd quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock valued at $1,260,000 after acquiring an additional 7,731 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $70,000. NCM Capital Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 6.7% in the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock valued at $793,000 after acquiring an additional 603 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock valued at $2,712,000 after acquiring an additional 919 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $82.06 on Friday. The company has a fifty day moving average of $82.44 and a 200-day moving average of $82.73. The firm has a market capitalization of $25.13 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.06 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a dividend of $0.2428 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.