Hsbc Holdings PLC Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Hsbc Holdings PLC grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 243,224 shares of the company’s stock after purchasing an additional 55,996 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of iShares 1-3 Year Treasury Bond ETF worth $20,145,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% during the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the period. Pinebridge Investments Asia Ltd. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $270,573,000. The Manufacturers Life Insurance Company increased its stake in iShares 1-3 Year Treasury Bond ETF by 534.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after buying an additional 1,887,420 shares during the period. Finally, Mizuho Markets Cayman LP purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $121,919,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.07 on Thursday. The stock has a market capitalization of $25.13 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a fifty day moving average of $82.20 and a 200-day moving average of $82.56. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.86 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.2429 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st.

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.