Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

by · The Cerbat Gem

Mirae Asset Global Investments Co. Ltd. reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 6.8% during the third quarter, Holdings Channel reports. The institutional investor owned 110,134 shares of the company’s stock after selling 8,060 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHY. Assetmark Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 123.2% in the second quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock valued at $588,142,000 after acquiring an additional 3,917,307 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 74.0% during the second quarter. Bank of New York Mellon Corp now owns 6,430,879 shares of the company’s stock worth $532,863,000 after purchasing an additional 2,734,684 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8,100.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,519,904 shares of the company’s stock valued at $208,799,000 after purchasing an additional 2,489,175 shares during the last quarter. Mizuho Markets Americas LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% in the 3rd quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after purchasing an additional 2,414,144 shares in the last quarter. Finally, Criteria Caixa S.A.U. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth $165,720,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.99 on Friday. The stock’s fifty day moving average price is $82.86 and its 200 day moving average price is $82.84. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.87 and a 1-year high of $83.14. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a dividend of $0.2548 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

iShares 1-3 Year Treasury Bond ETF Profile

(Free Report)

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.

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