iShares 1-3 Year Treasury Bond ETF $SHY Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 44.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,624 shares of the company’s stock after purchasing an additional 8,181 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SHY. Key Financial Inc lifted its position in iShares 1-3 Year Treasury Bond ETF by 158.1% in the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares during the period. Holos Integrated Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 50.0% in the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.14 on Friday. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $82.00 and a 1-year high of $83.20. The business has a 50 day moving average price of $82.39 and a two-hundred day moving average price of $82.70.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a dividend of $0.2428 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.