Brave Asset Management Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 31,032 shares of the company’s stock, valued at approximately $2,548,000. iShares 1-3 Year Treasury Bond ETF accounts for about 0.5% of Brave Asset Management Inc.’s portfolio, making the stock its 24th biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of SHY. Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $53,414,000. Innova Wealth Partners lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 134.6% in the first quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock valued at $26,269,000 after buying an additional 182,540 shares during the period. Fifth Third Securities Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 79.5% in the fourth quarter. Fifth Third Securities Inc. now owns 40,864 shares of the company’s stock valued at $3,384,000 after buying an additional 18,099 shares during the period. Bingham Private Wealth LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $529,000. Finally, XY Planning Network Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $823,000. Institutional investors and hedge funds own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Performance
SHY opened at $81.80 on Friday. The company has a fifty day moving average price of $81.96 and a two-hundred day moving average price of $82.36. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.75 and a 52 week high of $83.20. The firm has a market capitalization of $25.06 billion, a PE ratio of 3,747.73 and a beta of 0.05.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
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.
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Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report).
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