Northwestern Mutual Wealth Management Co. Has $438.35 Million Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 387.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,292,811 shares of the company’s stock after purchasing an additional 4,206,546 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $438,351,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Key Financial Inc raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $33,000. Finally, Accredited Wealth Management LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% in the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

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

SHY stock opened at $82.06 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.06 and a twelve month high of $83.20. The stock’s 50 day moving average is $82.44 and its 200-day moving average is $82.73. The firm has a market capitalization of $25.13 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.2428 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, May 1st.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

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Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report).

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