Syntax Research Inc. Has $12.58 Million Position in iShares 1-3 Year Treasury Bond ETF $SHY

Syntax Research Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 93.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,197 shares of the company’s stock after buying an additional 74,149 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 9.2% of Syntax Research Inc.’s portfolio, making the stock its 3rd largest position. Syntax Research Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after buying an additional 940,434 shares during the period. Bank of America Corp DE raised its position 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 period. JPMorgan Chase & Co. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after acquiring an additional 467,629 shares during the period. Bank of New York Mellon Corp boosted its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after acquiring an additional 165,473 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after acquiring an additional 4,206,546 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $81.71 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.59 and a 52 week high of $83.20. The company has a market capitalization of $25.03 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a 50 day moving average price of $81.93 and a two-hundred day moving average price of $82.23.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be issued a $0.244 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.