iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 481.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,160 shares of the company’s stock after buying an additional 34,083 shares during the period. Franklin Resources Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,396,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock valued at $225,000 after acquiring an additional 131 shares during the last quarter. SPC Financial Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after purchasing an additional 140 shares during the last quarter. Aveo Capital Partners LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.0% during the second quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock valued at $1,229,000 after purchasing an additional 148 shares during the last quarter. Acorn Wealth Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock worth $2,199,000 after buying an additional 152 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0 %

Shares of NASDAQ:SHY opened at $81.77 on Wednesday. The company has a market cap of $22.09 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The firm has a 50-day simple moving average of $82.16 and a 200 day simple moving average of $82.28.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Wednesday, December 18th.

About iShares 1-3 Year Treasury Bond ETF

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.