Citigroup Inc. Grows Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Citigroup Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,312,630 shares of the company’s stock after buying an additional 73,972 shares during the period. Citigroup Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $108,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Carnegie Investment Counsel lifted its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the second quarter. Carnegie Investment Counsel now owns 12,137 shares of the company’s stock worth $1,006,000 after purchasing an additional 351 shares during the last quarter. Brighton Jones LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $317,000. Cabot Wealth Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 12.7% in the 2nd quarter. Cabot Wealth Management Inc. now owns 105,453 shares of the company’s stock worth $8,738,000 after buying an additional 11,853 shares during the last quarter. VestGen Investment Management lifted its position in iShares 1-3 Year Treasury Bond ETF by 290.0% in the 2nd quarter. VestGen Investment Management now owns 58,754 shares of the company’s stock worth $4,868,000 after buying an additional 43,690 shares during the last quarter. Finally, Optimum Investment Advisors boosted its stake in iShares 1-3 Year Treasury Bond ETF by 26.6% in the second quarter. Optimum Investment Advisors now owns 6,934 shares of the company’s stock worth $575,000 after buying an additional 1,455 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.99 on Monday. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.14 and a one year high of $83.14. The firm’s 50 day simple moving average is $82.86 and its two-hundred day simple moving average is $82.87. The stock has a market capitalization of $24.26 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.25 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.