Traynor Capital Management Inc. Takes $763,000 Position in iShares 1-3 Year Treasury Bond ETF $SHY

Traynor Capital Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, HoldingsChannel reports. The firm bought 9,200 shares of the company’s stock, valued at approximately $763,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Live Oak Private Wealth LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.9% during the second quarter. Live Oak Private Wealth LLC now owns 6,613 shares of the company’s stock worth $548,000 after acquiring an additional 123 shares in the last quarter. Aspire Growth Partners LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.0% in the 3rd quarter. Aspire Growth Partners LLC now owns 13,284 shares of the company’s stock worth $1,102,000 after purchasing an additional 127 shares during the period. Belpointe Asset Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.8% in the third quarter. Belpointe Asset Management LLC now owns 17,415 shares of the company’s stock worth $1,445,000 after buying an additional 131 shares during the period. TruWealth Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.2% in the third quarter. TruWealth Advisors LLC now owns 2,707 shares of the company’s stock valued at $225,000 after acquiring an additional 134 shares during the period. Finally, Northwest Wealth Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% in the third quarter. Northwest Wealth Management LLC now owns 7,566 shares of the company’s stock worth $628,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.92 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.87 and a one year high of $83.14. The business has a 50 day simple moving average of $82.86 and a two-hundred day simple moving average of $82.83. The firm has a market capitalization of $24.10 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.2548 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th.

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.