Raymond James & Associates Has $226.61 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Raymond James & Associates reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,770,940 shares of the company’s stock after selling 22,016 shares during the period. Raymond James & Associates’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $226,607,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SHY. Fulcrum Equity Management purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $472,000. Hsbc Holdings PLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock valued at $49,730,000 after acquiring an additional 7,431 shares in the last quarter. Spreng Capital Management Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.3% during the 4th quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock worth $2,388,000 after acquiring an additional 1,461 shares during the last quarter. Element Wealth LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 25.7% in the 4th quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock worth $1,800,000 after acquiring an additional 4,488 shares in the last quarter. Finally, Sarasin & Partners LLP bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $1,151,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0 %

Shares of SHY traded up $0.02 during trading hours on Friday, reaching $81.21. 3,071,548 shares of the stock traded hands, compared to its average volume of 4,538,988. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.55 and a 52 week high of $82.60. The company has a market cap of $24.57 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01. The stock has a fifty day simple moving average of $81.51 and a 200 day simple moving average of $81.56.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2705 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, April 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.