Sumitomo Mitsui Financial Group Inc. Increases Position in iShares 1-3 Year Treasury Bond ETF $SHY

Sumitomo Mitsui Financial Group Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,144 shares of the company’s stock after purchasing an additional 8,357 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TruWealth Advisors LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.5% in the 4th quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after purchasing an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after purchasing an additional 126 shares during the period. Savant Capital LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock valued at $737,000 after purchasing an additional 126 shares during the period. Onyx Bridge Wealth Group LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock valued at $437,000 after purchasing an additional 128 shares during the period. Finally, Clientfirst Wealth Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the 3rd quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock valued at $970,000 after purchasing an additional 133 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.09 on Friday. The firm has a market cap of $25.14 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a fifty day moving average of $82.27 and a 200 day moving average of $82.62. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.86 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.2429 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.