ST Germain D J Co. Inc. Grows Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

ST Germain D J Co. Inc. raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 517.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,526 shares of the company’s stock after purchasing an additional 1,279 shares during the period. ST Germain D J Co. Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. Bank of America Corp DE increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.4% during the 4th quarter. Bank of America Corp DE now owns 15,282,874 shares of the company’s stock valued at $1,252,890,000 after purchasing an additional 1,308,640 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 47.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,544,623 shares of the company’s stock worth $946,428,000 after buying an additional 3,731,847 shares during the last quarter. Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 9.1% during the fourth quarter. Captrust Financial Advisors now owns 9,232,624 shares of the company’s stock worth $756,890,000 after buying an additional 766,782 shares during the last quarter. Proficio Capital Partners LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after acquiring an additional 8,173,293 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in iShares 1-3 Year Treasury Bond ETF by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,483,336 shares of the company’s stock valued at $449,524,000 after acquiring an additional 59,920 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

iShares 1-3 Year Treasury Bond ETF stock opened at $82.44 on Thursday. The firm has a 50 day moving average price of $82.58 and a 200-day moving average price of $82.30. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.26 and a twelve month high of $83.30. The company has a market capitalization of $24.21 billion, a P/E ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, June 2nd will be paid a $0.2718 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.26 annualized dividend and a yield of 3.96%.

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.