Silver Oak Securities Reduces Holdings in iShares 1-3 Year Treasury Bond ETF

On October 27, 2024, it was reported that Silver Oak Securities Incorporated has reduced its investment in the iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.7% during the third quarter. According to their recent 13F filing with the SEC, the firm now holds 4,797 shares of this ETF, having sold off 633 shares in the process. As of the latest filing, the value of Silver Oak's holdings in SHY is approximately $399,000.

Other institutional investors have also made adjustments to their stakes in the iShares 1-3 Year Treasury Bond ETF. In the second quarter, WestEnd Advisors LLC initiated a new investment in SHY, estimated at $30,000. Financial Connections Group Inc. has also acquired a new stake worth around $31,000. Meanwhile, in the first quarter, Atticus Wealth Management LLC increased its position by 76.0%, now owning 549 shares valued at $45,000 after purchasing an additional 237 shares in the last quarter. Rational Advisors LLC entered the second quarter with a new stake estimated at approximately $67,000. Global Trust Asset Management LLC similarly entered the third quarter with about $68,000 invested in the fund. Collectively, institutional investors control approximately 23.62% of SHY's stock.

Performance Analysis of iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) opened at $82.42 on the designated Friday. The ETF boasts a market capitalization of $22.56 billion and has a P/E ratio of 3,695.45 along with a beta of 0.01. Recently, the ETF reached a52-week low of $80.80 and a high of $83.30. Additionally, the 50-day moving average stands at $82.80 while the 200-day moving average is noted at $82.04.

Dividend Update from iShares 1-3 Year Treasury Bond ETF

In a recent dividend announcement, the ETF’s management revealed that a dividend was paid out on September 6th. Those who were on record as of September 3rd received a dividend payment of $0.2883 per share. The ex-dividend date was also set for September 3rd.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that aims to reflect the performance of the U.S. Treasury 1-3 Year index. This fund tracks a market-weighted index comprised of debt securities issued by the U.S. Treasury that are set to mature within one to three years. Notably, Treasury STRIPS are excluded from this index. Launched on July 22, 2002, it is managed by BlackRock.

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