Freedom Day Solutions LLC Purchases New Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Freedom Day Solutions LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,722 shares of the company’s stock, valued at approximately $871,000.

A number of other hedge funds have also recently bought and sold shares of the stock. RPOA Advisors Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $301,889,000. Bank of America Corp DE raised its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after acquiring an additional 3,451,890 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares in the last quarter. Edge Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 286.0% in the 3rd quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock valued at $123,284,000 after acquiring an additional 1,125,105 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the period. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $81.31 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20. The firm has a market cap of $26.95 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The business’s fifty day moving average is $81.51 and its 200-day moving average is $81.91.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.2410 dividend. This represents a $2.89 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, October 1st. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.