Assetmark Inc. Has $179.99 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Assetmark Inc. raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,173,227 shares of the company’s stock after acquiring an additional 165,633 shares during the period. Assetmark Inc. owned about 0.76% of iShares 1-3 Year Treasury Bond ETF worth $179,987,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SHY. Harbor Investment Advisory LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 16.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock valued at $3,740,000 after purchasing an additional 6,436 shares in the last quarter. First Horizon Corp acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $2,116,000. Cadence Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $5,524,000. Childress Capital Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $896,000. Finally, CX Institutional increased its holdings in iShares 1-3 Year Treasury Bond ETF by 13.3% during the 3rd quarter. CX Institutional now owns 399,452 shares of the company’s stock valued at $33,139,000 after purchasing an additional 46,965 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $82.47 on Tuesday. The business has a fifty day moving average price of $82.68 and a 200 day moving average price of $82.81. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.21 and a fifty-two week high of $83.20. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were issued a dividend of $0.2469 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22.

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.