Charles Schwab Trust Co increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 531.6% in the third quarter, HoldingsChannel reports. The firm owned 31,818 shares of the company’s stock after acquiring an additional 26,780 shares during the period. Charles Schwab Trust Co’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,584,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after acquiring an additional 3,451,890 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after purchasing an additional 2,454,485 shares during the last quarter. Edge Wealth Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 286.0% during the third quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock valued at $123,284,000 after purchasing an additional 1,125,105 shares during the last quarter. Assetmark Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after purchasing an additional 1,002,453 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in iShares 1-3 Year Treasury Bond ETF by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%
Shares of SHY traded up $0.12 during midday trading on Thursday, reaching $81.28. 2,533,897 shares of the stock were exchanged, compared to its average volume of 4,250,378. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The firm has a 50 day simple moving average of $81.55 and a 200-day simple moving average of $81.93. The company has a market cap of $26.91 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
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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