The Manufacturers Life Insurance Company Buys 2,454,485 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

The Manufacturers Life Insurance Company lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 225.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,545,364 shares of the company’s stock after acquiring an additional 2,454,485 shares during the period. The Manufacturers Life Insurance Company owned 1.16% of iShares 1-3 Year Treasury Bond ETF worth $291,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after buying an additional 940,434 shares during the period. Bank of America Corp DE raised its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after buying an additional 3,451,890 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after acquiring an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% in the first 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares during the period. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.3%

NASDAQ SHY opened at $81.42 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.42 and a 52 week high of $83.20. The business has a 50 day moving average price of $81.88 and a 200-day moving average price of $82.18. The company has a market cap of $24.94 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.244 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.