Dock Street Asset Management Inc. Reduces Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Dock Street Asset Management Inc. lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.5% during the second quarter, HoldingsChannel.com reports. The fund owned 106,747 shares of the company’s stock after selling 9,898 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 0.8% of Dock Street Asset Management Inc.’s portfolio, making the stock its 23rd biggest position. Dock Street Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHY. Kingstone Capital Partners Texas LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock worth $3,728,910,000 after buying an additional 45,609,923 shares during the last quarter. Criteria Caixa S.A.U. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $165,720,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8,173.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,563,762 shares of the company’s stock worth $129,370,000 after buying an additional 1,544,860 shares during the last quarter. Advisors Preferred LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 460.7% in the first quarter. Advisors Preferred LLC now owns 1,240,581 shares of the company’s stock worth $102,323,000 after buying an additional 1,019,314 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2,745.4% in the first quarter. The Manufacturers Life Insurance Company now owns 873,709 shares of the company’s stock worth $72,282,000 after buying an additional 843,003 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

SHY opened at $83.03 on Wednesday. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The company’s 50 day moving average is $82.84 and its 200 day moving average is $82.65. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.67 and a 12-month high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.2563 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.