OVERSEA CHINESE BANKING Corp Ltd Grows Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.5% in the third quarter, Holdings Channel.com reports. The fund owned 20,325 shares of the company’s stock after buying an additional 684 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SHY. LPL Financial LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock valued at $446,254,000 after purchasing an additional 422,978 shares during the period. Captrust Financial Advisors lifted its stake in iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after buying an additional 379,718 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% in the second quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock valued at $246,738,000 after acquiring an additional 250,959 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock worth $135,391,000 after acquiring an additional 83,881 shares during the last quarter. Finally, Cerity Partners OCIO LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $129,075,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $81.93 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The stock has a market cap of $22.13 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm has a fifty day moving average price of $82.68 and a 200 day moving average price of $82.13.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.15%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF Company 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.