MAI Capital Management has increased its holdings in the iShares 1-3 Year Treasury Bond ETF (NASDAQ: SHY) by 17.3% during the second quarter of 2023. In a recent filing with the Securities & Exchange Commission, the firm reported owning 99,682 shares of the ETF, following the acquisition of an additional 14,705 shares in this period. As of the latest filing, the total value of MAI Capital Management’s holdings in the iShares ETF stands at approximately $8.26 million.
Several other institutional investors have also adjusted their positions in the iShares 1-3 Year Treasury Bond ETF. Live Oak Private Wealth LLC raised its stake by 1.9% in the second quarter, now holding 6,613 shares valued at $548,000 after purchasing an additional 123 shares. Meanwhile, MassMutual Private Wealth & Trust FSB significantly expanded its holdings by 45.5%, acquiring 400 shares worth $33,000 after adding 125 shares during the last quarter.
Other notable movements include a 0.7% increase in holdings by Robinson Value Management Ltd., which now possesses 18,177 shares valued at $1.5 million, and Stolper Co, which raised its position by 1.6%, owning 8,250 shares worth $684,000. Additionally, Invesco Ltd. increased its stake by 1.9% during the first quarter, now holding 6,996 shares valued at $579,000. Collectively, institutional investors and hedge funds currently own 23.15% of the ETF.
The iShares 1-3 Year Treasury Bond ETF opened at $83.03 on Friday, with a market capitalization of $23.97 billion. The ETF has a price-to-earnings (P/E) ratio of 3,747.73 and a beta of 0.05. Its 50-day simple moving average stands at $82.92, while the 200-day moving average is $82.70. Over the past year, the ETF has experienced a low of $81.67 and a high of $83.14.
The iShares 1-3 Year Treasury Bond ETF, managed by BlackRock, is designed to track a market-weighted index of U.S. Treasury securities with maturities ranging from one to three years. The ETF excludes Treasury STRIPS and was launched on July 22, 2002.
As institutional interest in the iShares 1-3 Year Treasury Bond ETF continues to grow, investors will be closely monitoring its performance in the evolving market landscape.
