First Horizon Advisors Inc. Acquires 79,645 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

First Horizon Advisors Inc. increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 395.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,772 shares of the company’s stock after acquiring an additional 79,645 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,185,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SHY. Balentine LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.5% in the third quarter. Balentine LLC now owns 9,242,041 shares of the company’s stock valued at $748,328,000 after purchasing an additional 136,230 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 601.3% during the third quarter. Assetmark Inc. now owns 7,874,166 shares of the company’s stock worth $637,571,000 after acquiring an additional 6,751,373 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 20.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,531,456 shares of the company’s stock worth $447,882,000 after acquiring an additional 939,567 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 5,114,732 shares of the company’s stock worth $414,140,000 after acquiring an additional 350,025 shares in the last quarter. Finally, Cornell University purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $35,212,000. 23.62% of the stock is currently owned by institutional investors.

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

Shares of SHY stock traded up $0.13 during trading hours on Friday, hitting $81.30. 4,889,571 shares of the company’s stock were exchanged, compared to its average volume of 4,570,730. The company has a market capitalization of $24.65 billion, a PE ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.60. The business’s 50 day simple moving average is $81.47 and its 200-day simple moving average is $81.56.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a $0.2616 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Wednesday, May 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.