Gunma Bank Ltd. Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Gunma Bank Ltd. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,000 shares of the company’s stock after purchasing an additional 60,000 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 6.9% of Gunma Bank Ltd.’s holdings, making the stock its 3rd biggest position. Gunma Bank Ltd. owned about 0.09% of iShares 1-3 Year Treasury Bond ETF worth $21,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 123.2% during the 2nd quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock worth $588,142,000 after buying an additional 3,917,307 shares during the period. Bank of New York Mellon Corp lifted its position in iShares 1-3 Year Treasury Bond ETF by 74.0% during 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 acquiring an additional 2,734,684 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8,100.4% during the second quarter. Laurel Wealth Advisors LLC now owns 2,519,904 shares of the company’s stock worth $208,799,000 after acquiring an additional 2,489,175 shares during the period. Mizuho Markets Americas LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% in the third quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock valued at $414,820,000 after purchasing an additional 2,414,144 shares during the last quarter. Finally, Criteria Caixa S.A.U. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $165,720,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.86 on Monday. The firm has a market cap of $24.22 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The business’s 50 day moving average is $82.83 and its 200-day moving average is $82.85. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.87 and a 1-year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced 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) dividend on an annualized basis and a dividend yield of 3.6%.

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.