Discovery Capital Management LLC CT Increases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Discovery Capital Management LLC CT boosted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,050 shares of the company’s stock after purchasing an additional 172 shares during the period. Discovery Capital Management LLC CT’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHY. Golden State Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $30,000. Van ECK Associates Corp boosted its stake in iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after acquiring an additional 187 shares during the last quarter. Millstone Evans Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $32,000. Roxbury Financial LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $36,000. Finally, Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.73 on Tuesday. The stock has a 50-day simple moving average of $82.29 and a 200 day simple moving average of $82.29. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

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.