iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stake Raised by Pointe Capital Management LLC

Pointe Capital Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,494 shares of the company’s stock after buying an additional 2,060 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 3.9% of Pointe Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Pointe Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,763,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $30,000. Van ECK Associates Corp raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after buying an additional 187 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $36,000. Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $37,000. Finally, Creative Capital Management Investments LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $45,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.41 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock has a fifty day moving average of $82.02 and a two-hundred day moving average of $82.34. The company has a market capitalization of $23.22 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.2735 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.