AIA Group Ltd Buys 76,745 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

AIA Group Ltd lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 227.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,480 shares of the company’s stock after acquiring an additional 76,745 shares during the quarter. AIA Group Ltd’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SHY. LPL Financial LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after purchasing an additional 422,978 shares in the last quarter. Captrust Financial Advisors grew its stake in iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after acquiring an additional 379,718 shares during the period. Raymond James & Associates grew its stake in iShares 1-3 Year Treasury Bond ETF by 9.1% in the second quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock valued at $246,738,000 after acquiring an additional 250,959 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 5.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock valued at $135,391,000 after acquiring an additional 83,881 shares during the period. Finally, Cerity Partners OCIO LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $129,075,000. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.13 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The stock has a 50 day moving average price of $82.72 and a two-hundred day moving average price of $82.10. The stock has a market capitalization of $22.18 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2831 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

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.