Assetmark Inc. Lowers Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Assetmark Inc. decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 71.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,007,594 shares of the company’s stock after selling 5,090,431 shares during the quarter. Assetmark Inc. owned about 0.70% of iShares 1-3 Year Treasury Bond ETF worth $166,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its stake in iShares 1-3 Year Treasury Bond ETF by 4.9% in the second quarter. Captrust Financial Advisors now owns 10,742,829 shares of the company’s stock worth $890,151,000 after purchasing an additional 502,122 shares during the last quarter. Bank of New York Mellon Corp grew its stake in iShares 1-3 Year Treasury Bond ETF by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock worth $556,134,000 after purchasing an additional 272,758 shares in the last quarter. Mizuho Markets Americas LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 93.4% in the third quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after purchasing an additional 2,414,144 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 9.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,424,160 shares of the company’s stock worth $373,082,000 after purchasing an additional 380,980 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,292,636 shares of the company’s stock valued at $355,624,000 after buying an additional 31,215 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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

NASDAQ SHY opened at $82.93 on Friday. The firm has a market cap of $24.24 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.96 and a 52 week high of $83.14. The company has a 50 day moving average price of $82.84 and a 200 day moving average price of $82.85.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.