Irenic Capital Management LP Takes $492,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Irenic Capital Management LP bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $492,000. iShares 1-3 Year Treasury Bond ETF accounts for 0.1% of Irenic Capital Management LP’s portfolio, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock valued at $813,000 after acquiring an additional 136 shares during the period. Spreng Capital Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Spreng Capital Management Inc. now owns 10,388 shares of the company’s stock valued at $852,000 after purchasing an additional 140 shares during the period. Blueprint Investment Partners LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.2% in the fourth quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock valued at $546,000 after purchasing an additional 142 shares during the last quarter. Center For Asset Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 5.8% during the 4th quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after purchasing an additional 145 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock valued at $582,000 after buying an additional 147 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 0.0 %

Shares of SHY stock opened at $82.49 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.21 and a 52-week high of $83.30. The stock has a market cap of $24.23 billion, a PE ratio of 3,762.27 and a beta of 0.01. The business has a 50-day simple moving average of $82.60 and a 200-day simple moving average of $82.27.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a $0.2592 dividend. This represents a $3.11 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Thursday, May 1st.

iShares 1-3 Year Treasury Bond ETF Company Profile

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.