Allianz Asset Management GmbH Makes New $3.30 Million Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Allianz Asset Management GmbH purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,826 shares of the company’s stock, valued at approximately $3,300,000.

A number of other large investors have also recently made changes to their positions in the company. Patten & Patten Inc. TN boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.3% during the 2nd quarter. Patten & Patten Inc. TN now owns 45,976 shares of the company’s stock worth $3,810,000 after purchasing an additional 3,504 shares during the period. Morris Financial Concepts Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.7% during the 2nd quarter. Morris Financial Concepts Inc. now owns 106,371 shares of the company’s stock worth $8,814,000 after purchasing an additional 5,698 shares during the period. Mutual Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.7% during the 2nd quarter. Mutual Advisors LLC now owns 102,038 shares of the company’s stock worth $8,423,000 after purchasing an additional 9,891 shares during the period. SFG Wealth Management LLC. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $2,144,000. Finally, Aries Wealth Management boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.9% during the 2nd quarter. Aries Wealth Management now owns 39,397 shares of the company’s stock worth $3,264,000 after purchasing an additional 5,707 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

SHY stock opened at $83.06 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.14. The company has a 50-day moving average price of $82.90 and a 200 day moving average price of $82.67. The stock has a market cap of $24.27 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.2563 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.