Oppenheimer Asset Management Inc. Raises Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Oppenheimer Asset Management Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,119 shares of the company’s stock after buying an additional 127 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Cerity Partners OCIO LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $129,075,000. SG Americas Securities LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1,533.3% in the 2nd quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock worth $42,633,000 after purchasing an additional 490,171 shares in the last quarter. LPL Financial LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after purchasing an additional 422,978 shares in the last quarter. Captrust Financial Advisors lifted its stake in iShares 1-3 Year Treasury Bond ETF by 8.7% in the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after purchasing an additional 379,718 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 75.5% in the 2nd quarter. Renaissance Technologies LLC now owns 847,878 shares of the company’s stock worth $69,229,000 after purchasing an additional 364,878 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.02 on Friday. The company’s 50 day simple moving average is $82.63 and its two-hundred day simple moving average is $82.13. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.2831 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 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.