Alamar Capital Management LLC Purchases Shares of 113,224 iShares 1-3 Year Treasury Bond ETF $SHY

Alamar Capital Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 113,224 shares of the company’s stock, valued at approximately $9,349,000. iShares 1-3 Year Treasury Bond ETF comprises about 5.7% of Alamar Capital Management LLC’s holdings, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Captrust Financial Advisors lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after acquiring an additional 467,629 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after acquiring an additional 165,473 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after purchasing an additional 4,206,546 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in iShares 1-3 Year Treasury Bond ETF by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock valued at $431,819,000 after purchasing an additional 45,271 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $81.83 on Thursday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.79 and a one year high of $83.20. The stock has a market capitalization of $25.45 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a 50-day simple moving average of $82.02 and a 200-day simple moving average of $82.44.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2383 dividend. The ex-dividend date of this dividend 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.