The Manufacturers Life Insurance Company Buys 2,454,485 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

The Manufacturers Life Insurance Company boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 225.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,545,364 shares of the company’s stock after buying an additional 2,454,485 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $291,110,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. MCF Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $30,000. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $38,000. Finally, Beacon Financial Strategies CORP purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $38,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $81.42 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.42 and a 52-week high of $83.20. The company has a 50-day simple moving average of $81.88 and a two-hundred day simple moving average of $82.18. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.244 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.