The Manufacturers Life Insurance Company Has $2.52 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

The Manufacturers Life Insurance Company reduced its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 96.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,706 shares of the company’s stock after selling 819,279 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock worth $813,000 after purchasing an additional 136 shares in the last quarter. Spreng Capital Management Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Spreng Capital Management Inc. now owns 10,388 shares of the company’s stock valued at $852,000 after acquiring an additional 140 shares during the last quarter. Blueprint Investment Partners LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.2% during the 4th quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock valued at $546,000 after acquiring an additional 142 shares in the last quarter. Center For Asset Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 5.8% during the 4th quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after acquiring an additional 145 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 2.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after purchasing an additional 147 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

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

Shares of SHY stock opened at $82.49 on Friday. The business’s 50-day moving average price is $82.60 and its 200-day moving average price is $82.27. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.21 and a 12 month high of $83.30. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 3,762.27 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.2592 per share. This represents a $3.11 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Thursday, May 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.