SteelPeak Wealth LLC Boosts Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SteelPeak Wealth LLC increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 24.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,485 shares of the company’s stock after acquiring an additional 884 shares during the period. SteelPeak Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHY. Captrust Financial Advisors increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after purchasing an additional 3,563,486 shares during the last quarter. LPL Financial LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 21.8% during the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after acquiring an additional 1,193,337 shares during the last quarter. Barclays PLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after acquiring an additional 1,123,670 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after acquiring an additional 546,239 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $44,917,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

Shares of NASDAQ:SHY opened at $82.28 on Friday. The stock has a market cap of $23.17 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company’s fifty day moving average is $82.03 and its 200 day moving average is $82.35. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.09%.

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.