300,000 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Acquired by CVS HEALTH Corp

CVS HEALTH Corp acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 300,000 shares of the company’s stock, valued at approximately $24,360,000. iShares 1-3 Year Treasury Bond ETF accounts for 5.7% of CVS HEALTH Corp’s holdings, making the stock its 7th largest position. CVS HEALTH Corp owned approximately 0.09% of iShares 1-3 Year Treasury Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHY. King Luther Capital Management Corp bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $1,213,000. Bingham Private Wealth LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. Bingham Private Wealth LLC now owns 8,603 shares of the company’s stock worth $699,000 after buying an additional 197 shares during the period. New South Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $741,000. Ndwm LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.0% in the third quarter. Ndwm LLC now owns 20,299 shares of the company’s stock worth $1,648,000 after buying an additional 1,845 shares during the period. Finally, Cabot Wealth Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $8,096,000. Institutional investors own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $81.31 on Thursday. The firm has a market capitalization of $27.44 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company has a fifty day moving average of $81.35 and a 200 day moving average of $82.06. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.