Pointe Capital Management LLC Grows Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Pointe Capital Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 15.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,813 shares of the company’s stock after purchasing an additional 18,270 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 5.0% of Pointe Capital Management LLC’s portfolio, making the stock its 4th largest holding. Pointe Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $11,234,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MCF Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $30,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $38,000. Finally, Beacon Financial Strategies CORP acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $38,000. 23.15% of the stock is owned by institutional investors.

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iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of SHY stock opened at $81.66 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.59 and a 1-year high of $83.20. The company has a market capitalization of $25.01 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day simple moving average is $81.90 and its 200-day simple moving average is $82.20.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a $0.244 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.

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