Arena Capital Advisors LLC CA Invests $2.89 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Arena Capital Advisors LLC CA bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, Holdings Channel reports. The fund bought 35,000 shares of the company’s stock, valued at approximately $2,890,000. iShares 1-3 Year Treasury Bond ETF makes up 1.4% of Arena Capital Advisors LLC CA’s portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of SHY. NewEdge Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the second quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock valued at $10,916,000 after purchasing an additional 916 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 103.3% during the 2nd quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock worth $1,260,000 after purchasing an additional 7,731 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $70,000. NCM Capital Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 6.7% in the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock valued at $793,000 after purchasing an additional 603 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock valued at $2,712,000 after purchasing an additional 919 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $81.93 on Wednesday. The stock’s fifty day moving average price is $82.05 and its two-hundred day moving average price is $82.47. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.79 and a one year high of $83.20. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.