Valmark Advisers Inc. Acquires 17,719 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Valmark Advisers Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 414.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,992 shares of the company’s stock after buying an additional 17,719 shares during the period. Valmark Advisers Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,816,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after buying an additional 6,281,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the last quarter. Pinebridge Investments Asia Ltd. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $270,573,000. The Manufacturers Life Insurance Company boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after acquiring an additional 1,887,420 shares during the period. Finally, Mizuho Markets Cayman LP bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $121,919,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $81.88 on Monday. The company’s fifty day moving average is $82.07 and its two-hundred day moving average is $82.48. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.81 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.2383 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

iShares 1-3 Year Treasury Bond ETF Company 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.