iShares 1-3 Year Treasury Bond ETF $SHY Stock Bought by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 256.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,541 shares of the company’s stock after purchasing an additional 47,137 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. Captrust Financial Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after buying an additional 940,434 shares during the last quarter. Bank of America Corp DE boosted its position in iShares 1-3 Year Treasury Bond ETF by 28.3% in 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 last quarter. JPMorgan Chase & Co. grew its stake in iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after purchasing an additional 467,629 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during 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 purchasing an additional 165,473 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after purchasing an additional 2,454,485 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 Trading Up 0.0%

Shares of NASDAQ:SHY traded up $0.03 during midday trading on Wednesday, reaching $81.16. The company had a trading volume of 4,083,448 shares, compared to its average volume of 4,285,900. The stock has a market cap of $26.34 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company’s 50 day moving average price is $81.62 and its 200 day moving average price is $81.97. 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 Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, October 1st. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.