TFC Financial Management Inc. has increased its stake in the iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.7% during the third quarter of 2023, according to a report from HoldingsChannel. The institutional investor now owns 897,682 shares of the ETF, having purchased an additional 15,072 shares in the latest quarter. This investment represents approximately 9.5% of TFC Financial Management’s total portfolio, making it the third largest position within their holdings. As of the end of the reporting period, TFC Financial Management’s shares in the iShares ETF were valued at approximately $74.47 million.
In addition to TFC Financial Management, several other institutional investors have also adjusted their positions in the iShares 1-3 Year Treasury Bond ETF. Notably, Invst LLC significantly increased its holding by 182.5% in the first quarter, now owning 9,648 shares worth about $798,000 after acquiring an additional 6,233 shares.
Private Client Services LLC entered the market during the second quarter with a new position valued at around $536,000. Similarly, City Center Advisors LLC and TrueWealth Advisors LLC both initiated new stakes in the fund, valued at approximately $1.42 million and $388,000, respectively. Whitcomb & Hess Inc. also raised its stake by 1.7% during the second quarter, now holding 22,775 shares worth about $1.89 million. Currently, institutional investors collectively own 23.15% of the ETF.
Current Market Performance
On Friday, shares of the iShares 1-3 Year Treasury Bond ETF opened at $82.83. The ETF has maintained a 50-day moving average price of $82.85 and a two-hundred day moving average price of $82.81. The fund currently boasts a market capitalization of $23.59 billion and a price-to-earnings (PE) ratio of 3,747.73 with a beta of 0.05. Over the last year, the ETF has experienced a low of $81.81 and a high of $83.14.
About the iShares 1-3 Year Treasury Bond ETF
The iShares 1-3 Year Treasury Bond ETF, launched on July 22, 2002, is managed by BlackRock. It tracks a market-weighted index of U.S. Treasury securities with maturities ranging from one to three years, excluding Treasury STRIPS. The ETF serves as a critical investment vehicle for those seeking exposure to short-term government debt.
For investors interested in tracking the latest positions and trading activities of hedge funds regarding the iShares 1-3 Year Treasury Bond ETF, HoldingsChannel.com provides updated 13F filings and insider trades.
