iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 48.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,543 shares of the company’s stock after selling 22,883 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.2% of Dock Street Asset Management Inc.’s portfolio, making the stock its 29th biggest holding. Dock Street Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,027,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $25,000. Holos Integrated Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $33,000. Finally, Accredited Wealth Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 50.0% during the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

NASDAQ:SHY opened at $82.07 on Thursday. The company has a market cap of $25.13 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.86 and a fifty-two week high of $83.20. The firm’s 50 day moving average is $82.20 and its two-hundred day moving average is $82.56.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.2429 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend 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.