Absolute Capital Management LLC Takes $1.35 Million Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Absolute Capital Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,514 shares of the company’s stock, valued at approximately $1,354,000.

Several other institutional investors and hedge funds have also made changes to their positions in SHY. Proficio Capital Partners LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock valued at $675,862,000 after purchasing an additional 8,173,293 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $389,029,000. Captrust Financial Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after purchasing an additional 3,563,486 shares during the period. Essential Planning LLC. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4,992.9% in the fourth quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after purchasing an additional 2,405,880 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 94.0% in the fourth quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock valued at $334,149,000 after purchasing an additional 1,975,432 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 Up 0.0 %

Shares of SHY stock opened at $82.53 on Friday. The company has a market capitalization of $23.26 billion, a PE ratio of 3,745.00 and a beta of 0.01. The firm has a fifty day simple moving average of $82.21 and a 200-day simple moving average of $82.32. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2531 dividend. The ex-dividend date was Monday, March 3rd.

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.