Klingman & Associates LLC Invests $1.67 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Klingman & Associates LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,279 shares of the company’s stock, valued at approximately $1,674,000.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after purchasing an additional 4,206,546 shares in the last quarter. Pinebridge Investments Asia Ltd. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $270,573,000. The Manufacturers Life Insurance Company raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after buying an additional 1,887,420 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $121,919,000. Finally, Valpey Financial Services LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 9,080.1% during the 4th quarter. Valpey Financial Services LLC now owns 1,114,004 shares of the company’s stock worth $92,262,000 after buying an additional 1,101,869 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

NASDAQ:SHY opened at $81.77 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.76 and a twelve month high of $83.20. The stock’s 50-day simple moving average is $82.01 and its 200 day simple moving average is $82.43. The firm has a market capitalization of $25.43 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF Company 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.