iShares 1-3 Year Treasury Bond ETF $SHY Stake Raised by Transmarket Holdings LP

Transmarket Holdings LP boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 88.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 924,845 shares of the company’s stock after buying an additional 435,021 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 40.8% of Transmarket Holdings LP’s investment portfolio, making the stock its largest holding. Transmarket Holdings LP’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $76,364,000 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 the business. MCF Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $25,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Lodestone Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $29,000. Valley National Advisers Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $33,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $81.89 on Wednesday. The firm has a market capitalization of $25.47 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The business’s 50-day moving average is $82.03 and its two-hundred day moving average is $82.44. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.79 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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