Assetmark Inc. Purchases 1,002,453 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Assetmark Inc. raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 46.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,175,680 shares of the company’s stock after buying an additional 1,002,453 shares during the quarter. Assetmark Inc. owned about 1.04% of iShares 1-3 Year Treasury Bond ETF worth $262,216,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in 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 last quarter. Holos Integrated Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $29,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $33,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.00 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.79 and a 52-week high of $83.20. The business’s fifty day moving average is $82.04 and its 200-day moving average is $82.46. The firm has a market cap of $25.67 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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF Company 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.