NerdWallet Wealth Partners LLC Buys 13,484 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

NerdWallet Wealth Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.0% during the 2nd quarter, Holdings Channel reports. The firm owned 117,175 shares of the company’s stock after acquiring an additional 13,484 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up 3.3% of NerdWallet Wealth Partners LLC’s holdings, making the stock its 7th biggest holding. NerdWallet Wealth Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth 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 during the last quarter. Bank of America Corp DE increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after acquiring an additional 3,451,890 shares during the last quarter. Pinebridge Investments Asia Ltd. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $270,573,000. The Manufacturers Life Insurance Company raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after acquiring an additional 1,887,420 shares during the period. Finally, Mizuho Markets Cayman LP acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $121,919,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.80 on Friday. The company’s 50 day simple moving average is $81.96 and its 200 day simple moving average is $82.36. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.75 and a fifty-two week high of $83.20. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.2508 dividend. This represents a c) annualized dividend and a yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, August 3rd.

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.