iShares 1-3 Year Treasury Bond ETF $SHY Position Raised by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 346.5% in the first quarter, HoldingsChannel reports. The firm owned 27,740 shares of the company’s stock after acquiring an additional 21,527 shares during the period. Gateway Wealth Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in 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 valued at $1,487,841,000 after buying an additional 940,434 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% during 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. Bank of New York Mellon Corp lifted its position in iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in iShares 1-3 Year Treasury Bond ETF by 387.2% in 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 lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.9% in 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. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $81.86 on Tuesday. 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 cap of $25.41 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a fifty day moving average price of $82.00 and a two-hundred day moving average price of $82.41.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2383 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.