Samalin Investment Counsel LLC Purchases New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Samalin Investment Counsel LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 49,405 shares of the company’s stock, valued at approximately $4,012,000. iShares 1-3 Year Treasury Bond ETF makes up 1.2% of Samalin Investment Counsel LLC’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds have also made changes to their positions in the company. Cahaba Wealth Management Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% during the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after buying an additional 133 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock worth $1,618,000 after acquiring an additional 141 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 6.8% during the first quarter. Centaurus Financial Inc. now owns 2,604 shares of the company’s stock worth $215,000 after purchasing an additional 165 shares during the last quarter. L.K. Benson & Company P.C. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1.2% in the 3rd quarter. L.K. Benson & Company P.C. now owns 14,164 shares of the company’s stock valued at $1,150,000 after buying an additional 171 shares during the period. Finally, XY Planning Network Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1.8% in the third quarter. XY Planning Network Inc. now owns 10,040 shares of the company’s stock valued at $815,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $81.50 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The stock has a 50-day moving average price of $81.47 and a two-hundred day moving average price of $81.88. The company has a market cap of $27.27 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.