Wells Fargo & Company MN Has $449.52 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Wells Fargo & Company MN boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,483,336 shares of the company’s stock after buying an additional 59,920 shares during the quarter. Wells Fargo & Company MN’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $449,524,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prudential PLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $295,000. Landscape Capital Management L.L.C. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $31,526,000. Wescott Financial Advisory Group LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 12.4% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 32,981 shares of the company’s stock valued at $2,704,000 after buying an additional 3,650 shares during the period. World Investment Advisors boosted its stake in iShares 1-3 Year Treasury Bond ETF by 6.6% in the fourth quarter. World Investment Advisors now owns 100,127 shares of the company’s stock valued at $8,208,000 after buying an additional 6,224 shares in the last quarter. Finally, Biltmore Family Office LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.4% during the 4th quarter. Biltmore Family Office LLC now owns 72,777 shares of the company’s stock valued at $5,966,000 after purchasing an additional 307 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.68 on Friday. The company has a market capitalization of $22.99 billion, a PE ratio of 3,758.18 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a fifty day moving average of $82.33 and a 200-day moving average of $82.29.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.2798 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Tuesday, April 1st.

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.