Ameriprise Financial Inc. Buys 257,934 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Ameriprise Financial Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,682,094 shares of the company’s stock after buying an additional 257,934 shares during the quarter. Ameriprise Financial Inc. owned 1.62% of iShares 1-3 Year Treasury Bond ETF worth $388,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,728 shares of the company’s stock valued at $3,195,000 after acquiring an additional 750 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 13.8% in the second quarter. Meridian Wealth Management LLC now owns 16,152 shares of the company’s stock worth $1,338,000 after purchasing an additional 1,961 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 7.4% during the second quarter. Citizens Financial Group Inc. RI now owns 58,475 shares of the company’s stock worth $4,845,000 after purchasing an additional 4,015 shares in the last quarter. Midwest Professional Planners LTD. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the second quarter. Midwest Professional Planners LTD. now owns 21,284 shares of the company’s stock worth $1,764,000 after purchasing an additional 295 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 24.2% in the 2nd quarter. Rothschild Investment LLC now owns 30,446 shares of the company’s stock valued at $2,523,000 after buying an additional 5,931 shares during the period. Institutional investors own 23.15% of the company’s stock.

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

SHY opened at $82.65 on Tuesday. The stock has a market cap of $24.16 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.21 and a 12 month high of $83.20. The company has a fifty day simple moving average of $82.86 and a 200 day simple moving average of $82.88.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.223 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.