AGH Wealth Advisors LLC has acquired a new stake in the iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY), as revealed in its latest Form 13F filing with the Securities and Exchange Commission (SEC). During the third quarter, the firm purchased 22,633 shares of the ETF, valued at approximately $1,878,000. This new acquisition now constitutes about 1.4% of AGH Wealth Advisors’ portfolio, making it the firm’s 16th largest holding.
Several other institutional investors have also adjusted their positions in the iShares 1-3 Year Treasury Bond ETF recently. For instance, Harbor Investment Advisory LLC increased its stake by 16.7% during the same period, bringing its total ownership to 45,086 shares valued at $3,740,000 after acquiring an additional 6,436 shares. Additionally, First Horizon Corp entered the ETF market with a new investment worth $2,116,000, while Childress Capital Advisors LLC purchased shares valued at approximately $896,000.
Another notable transaction involved JARISLOWSKY FRASER Ltd, which raised its investment in the ETF by an impressive 66.9%, now holding 41,528 shares valued at $3,445,000. Similarly, CX Institutional increased its holdings by 13.3%, owning 399,452 shares worth $33,139,000 following the acquisition of an additional 46,965 shares. Overall, institutional investors collectively own 23.15% of the iShares 1-3 Year Treasury Bond ETF.
Market Performance and Recent Developments
As of Wednesday, shares of the iShares 1-3 Year Treasury Bond ETF opened at $82.89. The ETF has a market capitalization of $24.10 billion and a price-to-earnings ratio of 3,747.73, indicating a relatively stable investment option amid fluctuating market conditions. Its beta stands at 0.05, reflecting low volatility compared to the broader market. Over the past year, the ETF has seen a trading range with a low of $81.87 and a high of $83.14. The ETF’s 50-day simple moving average is currently at $82.86, while the 200-day moving average is at $82.83.
Investors should also note that the iShares 1-3 Year Treasury Bond ETF has recently adjusted its dividend policy, an important factor for those considering income-generating investments.
About iShares 1-3 Year Treasury Bond ETF
The iShares 1-3 Year Treasury Bond ETF (SHY) is a prominent exchange-traded fund managed by BlackRock. Launched on July 22, 2002, the fund aims to track a market-weighted index of U.S. Treasury securities with maturities ranging from one to three years. It is important to note that Treasury STRIPS are excluded from this ETF.
For those interested in tracking institutional investment trends, HoldingsChannel.com provides updated information on 13F filings and insider trades related to the iShares 1-3 Year Treasury Bond ETF. Additionally, MarketBeat.com offers a daily email newsletter summarizing the latest news and analyst ratings concerning the ETF and related companies.
The recent activity surrounding the iShares 1-3 Year Treasury Bond ETF indicates a growing interest among institutional investors, reflecting confidence in the stability of U.S. Treasury securities in the current economic landscape.
