Pointe Capital Management LLC Raises Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Pointe Capital Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,248 shares of the company’s stock after acquiring an additional 20,441 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 4.5% of Pointe Capital Management LLC’s portfolio, making the stock its 4th largest position. Pointe Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHY. Captrust Financial Advisors grew its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after acquiring an additional 6,281,496 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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. Pinebridge Investments Asia Ltd. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $270,573,000. The Manufacturers Life Insurance Company grew its holdings in iShares 1-3 Year Treasury Bond ETF by 534.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after acquiring an additional 1,887,420 shares in the last quarter. Finally, Mizuho Markets Cayman LP bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $121,919,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.13 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.86 and a 1 year high of $83.20. The firm’s 50-day moving average is $82.25 and its two-hundred day moving average is $82.60. The stock has a market cap of $25.15 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.