NewEdge Wealth LLC Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

NewEdge Wealth LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 213.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 22,029 shares of the company’s stock after purchasing an additional 15,000 shares during the period. NewEdge Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHY. Assetmark Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 123.2% in the 2nd quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock valued at $588,142,000 after purchasing an additional 3,917,307 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 74.0% in the second quarter. Bank of New York Mellon Corp now owns 6,430,879 shares of the company’s stock worth $532,863,000 after purchasing an additional 2,734,684 shares during the period. Laurel Wealth Advisors LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 8,100.4% in the second quarter. Laurel Wealth Advisors LLC now owns 2,519,904 shares of the company’s stock worth $208,799,000 after buying an additional 2,489,175 shares in the last quarter. Mizuho Markets Americas LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 93.4% during the third quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock valued at $414,820,000 after buying an additional 2,414,144 shares during the period. Finally, Captrust Financial Advisors boosted its stake in iShares 1-3 Year Treasury Bond ETF by 4.9% during the second quarter. Captrust Financial Advisors now owns 10,742,829 shares of the company’s stock valued at $890,151,000 after buying an additional 502,122 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

iShares 1-3 Year Treasury Bond ETF stock opened at $82.99 on Friday. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The business has a 50-day simple moving average of $82.86 and a 200 day simple moving average of $82.87. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.14 and a 52 week high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.