Oxbow Advisors LLC Has $5.48 Million Position in iShares 1-3 Year Treasury Bond ETF $SHY

Oxbow Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 51.7% in the first quarter, Holdings Channel reports. The institutional investor owned 66,353 shares of the company’s stock after buying an additional 22,614 shares during the period. Oxbow Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,479,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $25,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $29,000. Holos Integrated Wealth LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Valley National Advisers Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth $38,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.94 on Friday. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.83 and a twelve month high of $83.20. The company’s fifty day moving average is $82.13 and its 200 day moving average is $82.52.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.2383 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) annualized dividend and a 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.