MAI Capital Management Has $8.26 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

MAI Capital Management raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.3% in the second quarter, Holdings Channel reports. The fund owned 99,682 shares of the company’s stock after acquiring an additional 14,705 shares during the period. MAI Capital Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,260,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Alamar Capital Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 182.1% during the first quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock valued at $5,198,000 after purchasing an additional 40,561 shares during the last quarter. Irenic Capital Management LP grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% in the first quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after buying an additional 24,000 shares in the last quarter. Deutsche Bank AG increased its holdings in iShares 1-3 Year Treasury Bond ETF by 124.7% during the first quarter. Deutsche Bank AG now owns 19,004 shares of the company’s stock worth $1,572,000 after buying an additional 10,547 shares during the last quarter. Silver Oak Securities Incorporated grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 96.0% in the 2nd quarter. Silver Oak Securities Incorporated now owns 153,099 shares of the company’s stock valued at $12,686,000 after acquiring an additional 74,972 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $75,000. Institutional investors own 23.15% of the company’s stock.

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

Shares of NASDAQ SHY opened at $83.03 on Friday. The company has a market capitalization of $23.97 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.14. The stock has a 50 day moving average of $82.92 and a 200-day moving average of $82.70.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.2627 per share. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.