Towercrest Capital Management bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,937 shares of the company’s stock, valued at approximately $1,863,000.
A number of other large investors have also added to or reduced their stakes in SHY. Whittier Trust Co. of Nevada Inc. lifted 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 worth $26,000 after purchasing an additional 249 shares during the period. Mather Group LLC. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth $30,000. Weaver Capital Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $34,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter worth $38,000. Institutional investors own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Performance
Shares of SHY stock traded down $0.02 during mid-day trading on Friday, hitting $81.50. The company’s stock had a trading volume of 3,485,977 shares, compared to its average volume of 4,246,632. The company has a market cap of $27.27 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s fifty day simple moving average is $81.47 and its 200-day simple moving average is $81.88. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.2410 dividend. The ex-dividend date was Thursday, October 1st. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a yield of 3.5%.
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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