Wealthfront Advisers LLC Has $83.79 Million Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Wealthfront Advisers LLC raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 35.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,778 shares of the company’s stock after purchasing an additional 267,633 shares during the quarter. Wealthfront Advisers LLC owned 0.33% of iShares 1-3 Year Treasury Bond ETF worth $83,790,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after buying an additional 940,434 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after acquiring an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after acquiring an additional 165,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock valued at $431,819,000 after acquiring an additional 45,271 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.00 on Thursday. The stock has a 50 day moving average price of $82.05 and a 200 day moving average price of $82.47. The stock has a market capitalization of $25.67 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.79 and a 52 week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 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.