Ifrah Financial Services Inc. Makes New Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Ifrah Financial Services Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor acquired 178,449 shares of the company’s stock, valued at approximately $14,490,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 3.7% of Ifrah Financial Services Inc.’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHY. Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after acquiring an additional 940,434 shares in the last quarter. Bank of America Corp DE increased its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% in the first 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 during the period. Bank of New York Mellon Corp raised its position in iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after purchasing an additional 2,454,485 shares in the last quarter. Finally, Assetmark Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 46.1% in the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after purchasing an additional 1,002,453 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

Shares of SHY opened at $81.19 on Wednesday. The stock has a market cap of $26.70 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 12 month low of $80.95 and a 12 month high of $83.20. The company has a 50-day moving average price of $81.56 and a two-hundred day moving average price of $81.94.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

iShares 1-3 Year Treasury Bond ETF Profile

(Free Report)

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.

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