Renaissance Technologies LLC Buys 332,400 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Renaissance Technologies LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 46.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,052,600 shares of the company’s stock after buying an additional 332,400 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $86,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $30,000. Van ECK Associates Corp boosted its stake in iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares during the last quarter. Millstone Evans Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $32,000. Roxbury Financial LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $36,000. Finally, Logan Capital Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $37,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1 %

Shares of NASDAQ SHY opened at $82.64 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.01. The company’s fifty day moving average is $82.36 and its 200-day moving average is $82.27.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2798 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 annualized dividend and a yield of 4.06%.

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.