Welch Group LLC Has $2.43 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Welch Group LLC reduced its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,463 shares of the company’s stock after selling 16,151 shares during the period. Welch Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SHY. Captrust Financial Advisors grew its stake in iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after acquiring an additional 940,434 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after purchasing an additional 133,178 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock worth $431,819,000 after purchasing an additional 45,271 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 Performance

Shares of SHY opened at $82.19 on Friday. The company’s 50 day moving average price is $82.19 and its 200 day moving average price is $82.55. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.86 and a 52 week high of $83.20. The company has a market capitalization of $25.17 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.2429 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.