Samalin Investment Counsel LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the third quarter, HoldingsChannel reports. The fund bought 49,405 shares of the company’s stock, valued at approximately $4,012,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 1.2% of Samalin Investment Counsel LLC’s investment portfolio, making the stock its 17th biggest position.
Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE lifted its position in iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st 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. Bank of New York Mellon Corp boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after acquiring an additional 165,473 shares during the period. RPOA Advisors Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $301,889,000. The Manufacturers Life Insurance Company grew its position in iShares 1-3 Year Treasury Bond ETF by 225.0% in 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 acquiring an additional 2,454,485 shares in the last quarter. Finally, Assetmark Inc. grew its position 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 acquiring an additional 1,002,453 shares in the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.
iShares 1-3 Year Treasury Bond ETF Price Performance
SHY opened at $81.50 on Monday. The firm has a market capitalization of $27.27 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm’s 50 day moving average is $81.47 and its 200-day 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 company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.2410 dividend. This represents a $2.89 annualized dividend and a dividend yield of 3.5%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st.
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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