Waterloo Capital L.P. Buys New Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Waterloo Capital L.P. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,419 shares of the company’s stock, valued at approximately $1,100,000.

Several other institutional investors have also recently added to or reduced their stakes in SHY. Proficio Capital Partners LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% during the 4th quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after buying an additional 8,173,293 shares during the period. Raymond James Financial Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $389,029,000. JPMorgan Chase & Co. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 47.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,544,623 shares of the company’s stock worth $946,428,000 after purchasing an additional 3,731,847 shares during the period. Essential Planning LLC. increased its stake in iShares 1-3 Year Treasury Bond ETF by 4,992.9% in the fourth quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after purchasing an additional 2,405,880 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 94.0% during the fourth quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock valued at $334,149,000 after purchasing an additional 1,975,432 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $82.68 on Monday. The company’s 50-day moving average is $82.33 and its 200-day moving average is $82.28. The stock has a market capitalization of $22.99 billion, a PE ratio of 3,758.18 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a $0.2798 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.36 annualized dividend and a yield of 4.06%.

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.