Assetmark Inc. Decreases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Assetmark Inc. decreased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 71.7% in the third quarter, Holdings Channel reports. The fund owned 2,007,594 shares of the company’s stock after selling 5,090,431 shares during the period. Assetmark Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $166,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $25,000. Key Financial Inc lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares in the last quarter. Pflug Koory LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% in the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 287 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $29,000. Finally, Howe & Rusling Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 36,100.0% during the second quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock worth $30,000 after purchasing an additional 361 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.93 on Friday. The stock has a market cap of $24.24 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day moving average is $82.84 and its two-hundred day moving average is $82.85. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.96 and a 1-year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.6%.

iShares 1-3 Year Treasury Bond ETF Profile

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.