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

The Manufacturers Life Insurance Company boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 179.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 849,985 shares of the company’s stock after purchasing an additional 546,239 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.31% of iShares 1-3 Year Treasury Bond ETF worth $70,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guidance Capital Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.8% in the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock valued at $280,000 after purchasing an additional 359 shares in the last quarter. Gradient Investments LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 1,316.2% during the second quarter. Gradient Investments LLC now owns 963 shares of the company’s stock worth $79,000 after purchasing an additional 895 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 13.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock valued at $4,490,000 after acquiring an additional 6,493 shares during the period. School Employees Retirement Board of Ohio purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $10,123,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $1,459,000. 23.62% of the stock is owned by institutional investors.

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

Shares of NASDAQ SHY opened at $82.22 on Thursday. The stock 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 firm has a 50-day simple moving average of $82.45 and a 200-day simple moving average of $82.19.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.