Fifth Third Bancorp Increases Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Fifth Third Bancorp boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 121.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,218 shares of the company’s stock after purchasing an additional 353,719 shares during the period. Fifth Third Bancorp owned approximately 0.21% of iShares 1-3 Year Treasury Bond ETF worth $53,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after buying an additional 940,434 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock valued at $973,965,000 after buying an additional 133,178 shares during the period. JPMorgan Chase & Co. lifted its position in iShares 1-3 Year Treasury Bond ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after acquiring an additional 467,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after acquiring an additional 4,206,546 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock worth $431,819,000 after acquiring an additional 45,271 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $81.88 on Monday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.81 and a fifty-two week high of $83.20. The business has a 50 day moving average price of $82.07 and a two-hundred day moving average price of $82.48. The stock has a market cap of $25.73 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced 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. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.