Hsbc Holdings PLC Boosts Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Hsbc Holdings PLC increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 243,224 shares of the company’s stock after acquiring an additional 55,996 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of iShares 1-3 Year Treasury Bond ETF worth $20,145,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $25,000. Holos Integrated Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $29,000. Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $33,000. Finally, South Plains Financial Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

Shares of NASDAQ:SHY opened at $81.86 on Wednesday. The firm has a market cap of $25.34 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a fifty day simple moving average of $82.11 and a 200 day simple moving average of $82.51. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.83 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. The ex-dividend date of this dividend was Wednesday, July 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.