Clare Market Investments LLC Takes Position in iShares 1-3 Year Treasury Bond ETF $SHY

Clare Market Investments LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the first quarter, according to its most recent filing with the SEC. The fund acquired 11,001 shares of the company’s stock, valued at approximately $908,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors grew its holdings in iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after buying an additional 940,434 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after buying an additional 133,178 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after buying an additional 467,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock valued at $431,819,000 after acquiring an additional 45,271 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of NASDAQ:SHY opened at $81.95 on Tuesday. The company has a 50 day moving average of $82.13 and a 200 day moving average of $82.52. The stock has a market cap of $25.36 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 $81.83 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be issued a $0.2383 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.