Lodestar Private Asset Management LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 35.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,527 shares of the company’s stock after purchasing an additional 6,380 shares during the period. Lodestar Private Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,992,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. DMC Group LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 51.1% in the 3rd quarter. DMC Group LLC now owns 12,208 shares of the company’s stock valued at $991,000 after purchasing an additional 4,128 shares during the period. Penobscot Investment Management Company Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $1,971,000. Cahaba Wealth Management Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.4% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 26,794 shares of the company’s stock worth $2,176,000 after buying an additional 878 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $7,059,000. Finally, Park Avenue Securities LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $15,369,000. Institutional investors and hedge funds own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Price Performance
Shares of NASDAQ:SHY opened at $81.45 on Wednesday. The business’s fifty day moving average price is $81.45 and its two-hundred day moving average price is $82.14. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20. The stock has a market capitalization of $27.24 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 company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.2410 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.89 annualized dividend and a dividend yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.
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.
Further Reading
- Five stocks we like better than iShares 1-3 Year Treasury Bond ETF
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for iShares 1-3 Year Treasury Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 1-3 Year Treasury Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
