iShares 1-3 Year Treasury Bond ETF $SHY Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,292,636 shares of the company’s stock after purchasing an additional 31,215 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $355,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHY. MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares during the period. WestEnd Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $35,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $39,000. Flaharty Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $40,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $41,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

Shares of SHY opened at $83.11 on Monday. The stock has a market cap of $24.34 billion, a P/E ratio of 3,747.73 and a beta of 0.01. The company has a 50-day moving average of $82.91 and a two-hundred day moving average of $82.68. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.67 and a 12-month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.