Mirae Asset Increases Holdings in iShares 1-3 Year Treasury Bond ETF

Mirae Asset Global Investments Co. Ltd. has recently enhanced its investment in the iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.5% during the third quarter, as stated in the firm's latest 13F filing with the Securities and Exchange Commission (SEC). Following this acquisition, Mirae Asset now holds a total of 118,454 shares of SHY after acquiring an additional 20,154 shares during this quarter. At the close of the most recent quarter, the value of Mirae Asset's holdings in iShares 1-3 Year Treasury Bond ETF amounted to approximately $9,864,000.

Several other hedge funds have also adjusted their positions in SHY during the same period. For instance, Patriot Financial Group Insurance Agency LLC increased its stake in the ETF by 5.0% in the second quarter, now owning 2,758 shares worth $225,000 after adding 131 shares. Similarly, Patton Fund Management Inc. grew its position by 1.8%, owning 7,767 shares valued at $634,000 after an addition of 140 shares. SPC Financial Inc. also raised its stake by 2.3% during the third quarter, resulting in a new total of 6,275 shares worth $522,000 after purchasing 140 more shares. Additionally, Secure Asset Management LLC increased its holdings by 2.0%, and Aveo Capital Partners LLC raised theirs by 1.0%, with their respective new totals being 7,528 shares and 15,054 shares, valued at $615,000 and $1,229,000 respectively. Overall, approximately 23.62% of the iShares 1-3 Year Treasury Bond ETF is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Performance

On Monday, shares of NASDAQ SHY opened at $82.42. The ETF has seen a 12-month low of $80.80 and a high of $83.30. It boasts a market capitalization of $22.56 billion, a price-to-earnings ratio of 3,695.45, and a beta value of 0.01. The 50-day moving average stands at $82.80, while the 200-day moving average is $82.05.

Dividend Information

Furthermore, the ETF has announced a dividend, which was paid out on September 6. Shareholders on record as of September 3 received a dividend of $0.2883 per share, with the ex-dividend date also being September 3.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that tracks the performance of the U.S. Treasury 1-3 Year index. This fund follows a market-weighted index of debt securities issued by the U.S. Treasury with maturities ranging from 1 to 3 years, excluding Treasury STRIPS. Launched on July 22, 2002, SHY is managed by BlackRock.

investment, ETF, shares