JPMorgan Chase & Co. Buys 3,731,847 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

JPMorgan Chase & Co. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,544,623 shares of the company’s stock after acquiring an additional 3,731,847 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $946,428,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. Van ECK Associates Corp raised its stake in iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after purchasing an additional 187 shares in the last quarter. Millstone Evans Group LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $32,000. Roxbury Financial LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $36,000. Finally, Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $37,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2 %

Shares of NASDAQ SHY opened at $82.67 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The firm’s 50-day moving average price is $82.28 and its 200-day moving average price is $82.31. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.