Gunma Bank Ltd. Has $16.81 Million Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Gunma Bank Ltd. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 70.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,000 shares of the company’s stock after purchasing 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 largest position. Gunma Bank Ltd. owned about 0.07% of iShares 1-3 Year Treasury Bond ETF worth $16,806,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SHY. Captrust Financial Advisors increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% during the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after acquiring an additional 1,193,337 shares in the last quarter. Barclays PLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after buying an additional 1,123,670 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in iShares 1-3 Year Treasury Bond ETF by 179.8% in the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after purchasing an additional 546,239 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $44,917,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

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

SHY stock opened at $81.97 on Monday. The business’s 50-day moving average price is $82.02 and its 200-day moving average price is $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 twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.