Town Capital LLC Buys Shares of 21,255 iShares 1-3 Year Treasury Bond ETF $SHY

Town Capital LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,255 shares of the company’s stock, valued at approximately $1,755,000. iShares 1-3 Year Treasury Bond ETF comprises about 1.4% of Town Capital LLC’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in SHY. Bryn Mawr Trust Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after purchasing an additional 126 shares in the last quarter. Savant Capital LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after purchasing an additional 126 shares during the last quarter. Tower View Wealth Management LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% during the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock worth $106,000 after buying an additional 132 shares in the last quarter. Cahaba Wealth Management Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% in the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after buying an additional 133 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 11,275 shares of the company’s stock valued at $934,000 after buying an additional 138 shares during the period. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

NASDAQ SHY opened at $81.99 on Monday. The business’s 50-day moving average price is $81.99 and its 200 day moving average price is $82.39. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.76 and a twelve month high of $83.20. The company has a market capitalization of $25.19 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.