LPL Financial LLC Raises Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

LPL Financial LLC increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,658,791 shares of the company’s stock after purchasing an additional 1,193,337 shares during the period. LPL Financial LLC owned 2.47% of iShares 1-3 Year Treasury Bond ETF worth $553,678,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SHY. Cerity Partners OCIO LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $129,075,000. Mizuho Markets Americas LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $44,917,000. SG Americas Securities LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,533.3% in the second quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock valued at $42,633,000 after acquiring an additional 490,171 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after purchasing an additional 379,718 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 75.5% during the second quarter. Renaissance Technologies LLC now owns 847,878 shares of the company’s stock worth $69,229,000 after acquiring an additional 364,878 shares during the last quarter. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.04 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The business has a 50-day moving average of $82.56 and a two-hundred day moving average of $82.16. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2831 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 1st.

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.