iShares 1-3 Year Treasury Bond ETF $SHY Stock: Stephen J. Garry & Associates LLC Increases Position

Stephen J. Garry & Associates LLC grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 55.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,600 shares of the company’s stock after purchasing an additional 13,807 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up approximately 2.5% of Stephen J. Garry & Associates LLC’s portfolio, making the stock its 12th biggest holding. Stephen J. Garry & Associates LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,134,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the period. Bank of New York Mellon Corp grew its position in iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the last quarter. RPOA Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $301,889,000. The Manufacturers Life Insurance Company grew its position in iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after buying an additional 2,454,485 shares during the last quarter. Finally, Assetmark Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after buying an additional 1,002,453 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.31 on Thursday. The stock has a market capitalization of $27.44 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company’s fifty day moving average is $81.35 and its two-hundred day moving average is $82.06. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.95 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.2544 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 2nd. This represents a $3.05 annualized dividend and a dividend yield of 3.8%.

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.