The Manufacturers Life Insurance Company Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

The Manufacturers Life Insurance Company raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 179.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 849,985 shares of the company’s stock after buying an additional 546,239 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $70,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WestEnd Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $30,000. Financial Connections Group Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $31,000. Rational Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $67,000. Global Trust Asset Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $68,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares in the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of SHY opened at $82.22 on Thursday. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a 50 day moving average price of $82.45 and a 200 day moving average price of $82.19.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.2831 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 1st.

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.