Allspring Global Investments Holdings LLC Has $34.77 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Allspring Global Investments Holdings LLC trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,143 shares of the company’s stock after selling 27,700 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.14% of iShares 1-3 Year Treasury Bond ETF worth $34,774,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quent Long Short Global Small Cap Fund LP bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $53,414,000. Innova Wealth Partners grew its holdings in iShares 1-3 Year Treasury Bond ETF by 134.6% during the first quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock worth $26,269,000 after buying an additional 182,540 shares in the last quarter. Finer Wealth Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $1,685,000. Fifth Third Securities Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 79.5% in the 4th quarter. Fifth Third Securities Inc. now owns 40,864 shares of the company’s stock valued at $3,384,000 after buying an additional 18,099 shares during the last quarter. Finally, Stapp Wealth Management Pllc raised its position in iShares 1-3 Year Treasury Bond ETF by 211.2% in the 4th quarter. Stapp Wealth Management Pllc now owns 13,302 shares of the company’s stock valued at $1,102,000 after buying an additional 9,027 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 Price Performance

Shares of SHY stock opened at $81.99 on Monday. The firm has a 50-day moving average of $82.04 and a 200-day moving average of $82.46. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.79 and a one year high of $83.20. The company has a market cap of $25.61 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.