Assetmark Inc. Has $262.22 Million Position in iShares 1-3 Year Treasury Bond ETF $SHY

Assetmark Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 46.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,175,680 shares of the company’s stock after purchasing an additional 1,002,453 shares during the quarter. Assetmark Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $262,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after buying an additional 249 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Lodestone Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Finally, Valley National Advisers Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $33,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ: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 company has a market capitalization of $25.67 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a fifty day moving average of $82.04 and a 200-day moving average of $82.46.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.