StoneX Group Inc. Grows Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

StoneX Group Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,119 shares of the company’s stock after purchasing an additional 2,346 shares during the period. StoneX Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guidance Capital Inc. increased its stake 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 worth $280,000 after acquiring an additional 359 shares during the last quarter. Gradient Investments LLC raised its stake 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 during the period. Oppenheimer Asset Management Inc. boosted its holdings 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 purchasing an additional 6,493 shares during the last quarter. School Employees Retirement Board of Ohio purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $10,123,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $1,459,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.01 on Friday. The stock has a market capitalization of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The business’s 50 day moving average price is $82.51 and its 200 day moving average price is $82.17.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a boost 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 4.14%.

iShares 1-3 Year Treasury Bond ETF Company 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.