StoneX Group Inc. Buys New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

StoneX Group Inc. purchased 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,260 shares of the company’s stock, valued at approximately $2,213,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHY. Axiom Investment Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $81,000. Balentine LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $50,000. Formidable Asset Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.1% during the third quarter. Formidable Asset Management LLC now owns 18,276 shares of the company’s stock valued at $1,501,000 after purchasing an additional 200 shares during the period. AlphaCentric Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 409.6% during the third quarter. AlphaCentric Advisors LLC now owns 66,011 shares of the company’s stock valued at $5,360,000 after purchasing an additional 53,057 shares during the period. Finally, American Institute for Advanced Investment Management LLP boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 7.7% in the third quarter. American Institute for Advanced Investment Management LLP now owns 4,880 shares of the company’s stock worth $396,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.63 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20. The company has a market cap of $27.55 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a 50 day simple moving average of $81.38 and a two-hundred day simple moving average of $82.08.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a dividend of $0.2544 per share. This represents a $3.05 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

iShares 1-3 Year Treasury Bond ETF Company 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.