Hilltop Holdings Inc. Boosts Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Hilltop Holdings Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 637.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,090 shares of the company’s stock after purchasing an additional 43,295 shares during the period. Hilltop Holdings Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SHY. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after buying an additional 4,206,546 shares in the last quarter. Pinebridge Investments Asia Ltd. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $270,573,000. The Manufacturers Life Insurance Company boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after buying an additional 1,887,420 shares in the last quarter. Mizuho Markets Cayman LP purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $121,919,000. Finally, Valpey Financial Services LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9,080.1% in the fourth quarter. Valpey Financial Services LLC now owns 1,114,004 shares of the company’s stock valued at $92,262,000 after buying an additional 1,101,869 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $81.85 on Friday. The business’s fifty day moving average price is $82.01 and its 200 day moving average price is $82.42. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.76 and a 1-year high of $83.20. The firm has a market capitalization of $25.46 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

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.