Ocean Park Asset Management LLC Invests $2.24 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Ocean Park Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, HoldingsChannel reports. The fund bought 27,132 shares of the company’s stock, valued at approximately $2,240,000.

Other hedge funds have also modified their holdings of the company. Brookstone Capital Management grew its position in iShares 1-3 Year Treasury Bond ETF by 15.0% in the first quarter. Brookstone Capital Management now owns 128,219 shares of the company’s stock valued at $10,587,000 after acquiring an additional 16,737 shares in the last quarter. Tactive Advisors LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 39.7% during the first quarter. Tactive Advisors LLC now owns 25,347 shares of the company’s stock worth $2,093,000 after purchasing an additional 7,202 shares in the last quarter. Waystone Advisors LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 37.6% during the first quarter. Waystone Advisors LLC now owns 10,307 shares of the company’s stock worth $851,000 after purchasing an additional 2,818 shares in the last quarter. CPR Investments Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7.9% in the first quarter. CPR Investments Inc. now owns 37,383 shares of the company’s stock valued at $3,087,000 after purchasing an additional 2,729 shares during the period. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $212,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $81.99 on Monday. The company has a fifty day simple moving average of $82.23 and a 200 day simple moving average of $82.58. The firm has a market cap of $25.11 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 $81.86 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.2429 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

iShares 1-3 Year Treasury Bond ETF 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.