iShares 1-3 Year Treasury Bond ETF $SHY Shares Newly Purchased by Towercrest Capital Management

Towercrest Capital Management acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 22,937 shares of the company’s stock, valued at approximately $1,863,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after buying an additional 3,451,890 shares in the last quarter. Bank of New York Mellon Corp increased its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after acquiring an additional 165,473 shares during the period. RPOA Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $301,889,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the period. Finally, Assetmark Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY traded down $0.02 during mid-day trading on Friday, reaching $81.50. The company had a trading volume of 3,485,977 shares, compared to its average volume of 4,246,632. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The firm has a market cap of $27.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The business’s 50-day simple moving average is $81.47 and its 200 day simple moving average is $81.88.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.2410 per share. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 1st.

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.