Keel Point LLC Raises Position in iShares 1-3 Year Treasury Bond ETF $SHY

Keel Point LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 42.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 54,790 shares of the company’s stock after acquiring an additional 16,392 shares during the period. Keel Point LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after buying an additional 4,206,546 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 valued at $1,292,182,000 after acquiring an additional 3,451,890 shares during the last quarter. Pinebridge Investments Asia Ltd. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $270,573,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after acquiring an additional 1,887,420 shares during the period. Finally, Mizuho Markets Cayman LP acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $121,919,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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

Shares of SHY opened at $81.99 on Friday. The firm has a market cap of $25.24 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s fifty day moving average is $81.99 and its two-hundred day moving average is $82.39. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.76 and a fifty-two week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2383 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 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.