Brave Asset Management Inc. Invests $2.55 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Brave Asset Management Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree 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

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.2508 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, August 3rd.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

See Also

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:SHYFree Report).

Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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