Pointe Capital Management LLC Grows Position in iShares 1-3 Year Treasury Bond ETF $SHY

Pointe Capital Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,248 shares of the company’s stock after buying an additional 20,441 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 4.5% of Pointe Capital Management LLC’s portfolio, making the stock its 4th largest position. Pointe Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,048,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Holos Integrated Wealth LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Valley National Advisers Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. Finally, Accredited Wealth Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after buying an additional 150 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.13 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.86 and a fifty-two week high of $83.20. The stock has a market capitalization of $25.15 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company’s 50-day simple moving average is $82.25 and its 200-day simple moving average is $82.60.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.2429 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.