Drive Wealth Management LLC reduced its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 22.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,273 shares of the company’s stock after selling 2,395 shares during the quarter. Drive Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of SHY. SWP Financial LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $338,000. PNC Financial Services Group Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,073,272 shares of the company’s stock worth $88,051,000 after purchasing an additional 4,482 shares during the last quarter. Gradient Investments LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% during the second quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after buying an additional 895 shares during the last quarter. Ndwm LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $1,371,000. Finally, M&T Bank Corp grew its position in iShares 1-3 Year Treasury Bond ETF by 2.4% during the fourth quarter. M&T Bank Corp now owns 488,469 shares of the company’s stock worth $40,074,000 after buying an additional 11,478 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.
iShares 1-3 Year Treasury Bond ETF Price Performance
SHY remained flat at $82.80 on Friday. The company had a trading volume of 2,781,303 shares, compared to its average volume of 4,000,214. The business has a 50 day moving average of $82.17 and a two-hundred day moving average of $81.71. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.62 and a 1 year high of $82.91. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
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.
Read More
- Five stocks we like better than iShares 1-3 Year Treasury Bond ETF
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
- Insider Trading – What You Need to Know
- Birkenstock’s Sudden Slide—Why It Might Be Your Next Big Win
- How to Calculate Return on Investment (ROI)
- Veeva’s Stock Jumps on Stellar Q2 Results—Don’t Miss Out
Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report).
Receive News & Ratings for iShares 1-3 Year Treasury Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 1-3 Year Treasury Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.