iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stock Position Raised by Gunma Bank Ltd.

Gunma Bank Ltd. lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 70.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 205,000 shares of the company’s stock after buying an additional 85,000 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 5.6% of Gunma Bank Ltd.’s portfolio, making the stock its 5th biggest position. Gunma Bank Ltd.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $16,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $64,000. Fonville Wealth Management LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 10.6% during the 4th quarter. Fonville Wealth Management LLC now owns 3,809 shares of the company’s stock worth $312,000 after purchasing an additional 364 shares in the last quarter. Angeles Wealth Management LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 21.8% during the 4th quarter. Angeles Wealth Management LLC now owns 57,160 shares of the company’s stock worth $4,686,000 after purchasing an additional 10,221 shares in the last quarter. Robinson Value Management Ltd. grew its stake in iShares 1-3 Year Treasury Bond ETF by 1.5% during the 4th quarter. Robinson Value Management Ltd. now owns 18,049 shares of the company’s stock worth $1,480,000 after purchasing an additional 262 shares in the last quarter. Finally, Counterweight Ventures LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 1.5% during the 4th quarter. Counterweight Ventures LLC now owns 25,970 shares of the company’s stock worth $2,129,000 after purchasing an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.97 on Monday. The stock has a 50-day simple moving average of $82.02 and a 200-day simple moving average of $82.36. The stock has a market cap of $23.10 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF 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.