Northwestern Mutual Wealth Management Co. Has $106.85 Million Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,290,103 shares of the company’s stock after acquiring an additional 203,838 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $106,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Captrust Financial Advisors raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% during the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after acquiring an additional 6,281,496 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after acquiring an additional 133,178 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% during the third quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock worth $388,325,000 after acquiring an additional 257,934 shares during the period. Raymond James Financial Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Raymond James Financial Inc. now owns 4,299,580 shares of the company’s stock worth $356,693,000 after acquiring an additional 103,291 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.3% during the fourth quarter. Assetmark Inc. now owns 2,173,227 shares of the company’s stock worth $179,987,000 after acquiring an additional 165,633 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

Shares of NASDAQ:SHY opened at $82.30 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.00 and a 12 month high of $83.20. The company’s fifty day simple moving average is $82.34 and its 200 day simple moving average is $82.68. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a dividend of $0.2428 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, May 1st.

iShares 1-3 Year Treasury Bond ETF Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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