Midwest Heritage Bank FSB Increases Position in iShares 1-3 Year Treasury Bond ETF $SHY

Midwest Heritage Bank FSB increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.2% during the 1st quarter, HoldingsChannel reports. The fund owned 100,955 shares of the company’s stock after acquiring an additional 19,008 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 2.7% of Midwest Heritage Bank FSB’s investment portfolio, making the stock its 11th largest holding. Midwest Heritage Bank FSB’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,336,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after buying an additional 6,281,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 valued at $438,351,000 after acquiring an additional 4,206,546 shares during the last quarter. Pinebridge Investments Asia Ltd. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $270,573,000. The Manufacturers Life Insurance Company raised its position 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 valued at $185,576,000 after acquiring an additional 1,887,420 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $121,919,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $81.99 on Friday. The business’s fifty day moving average price is $82.23 and its 200 day moving average price is $82.58. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.86 and a 12-month high of $83.20. The stock has a market capitalization of $25.11 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st.

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.