Assetmark Inc. Has $334.15 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Assetmark Inc. increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 94.0% in the 4th quarter, Holdings Channel reports. The firm owned 4,075,986 shares of the company’s stock after buying an additional 1,975,432 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.9% of Assetmark Inc.’s investment portfolio, making the stock its 26th biggest position. Assetmark Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $334,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $30,000. Van ECK Associates Corp grew its position in iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after acquiring an additional 187 shares during the period. Roxbury Financial LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $36,000. Logan Capital Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $37,000. Finally, Creative Capital Management Investments LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.43 on Wednesday. The company has a market capitalization of $23.23 billion, a PE ratio of 3,755.45 and a beta of 0.01. The company’s fifty day moving average is $82.09 and its 200-day moving average is $82.34. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.2531 per share. The ex-dividend date is Monday, March 3rd.

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.