iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Raised by MML Investors Services LLC

MML Investors Services LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 789,188 shares of the company’s stock after purchasing an additional 55,217 shares during the quarter. MML Investors Services LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $64,698,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $30,000. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th 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 acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $32,000. Roxbury Financial LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $36,000. Finally, Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $37,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.75 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The firm’s 50 day moving average price is $82.45 and its two-hundred day moving average price is $82.25. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.2798 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Tuesday, April 1st.

iShares 1-3 Year Treasury Bond ETF 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.