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

Sumitomo Mitsui Financial Group Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 124,144 shares of the company’s stock after acquiring an additional 8,357 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $53,414,000. Cadence Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $5,524,000. Fifth Third Bancorp grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% during the third quarter. Fifth Third Bancorp now owns 316,415 shares of the company’s stock worth $26,250,000 after buying an additional 6,453 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 118.9% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 84,768 shares of the company’s stock worth $7,023,000 after buying an additional 46,040 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 15.8% during the third quarter. Focus Partners Advisor Solutions LLC now owns 85,119 shares of the company’s stock worth $7,052,000 after buying an additional 11,593 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

iShares 1-3 Year Treasury Bond ETF stock opened at $82.09 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.86 and a 52-week high of $83.20. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a fifty day simple moving average of $82.27 and a 200-day simple moving average of $82.62.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis 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.