TFC Financial Management Boosts Stake in iShares Treasury ETF

TFC Financial Management Inc. increased its investment in the iShares 1-3 Year Treasury Bond ETF (NASDAQ: SHY) by 1.7% during the third quarter of 2023, as reported by HoldingsChannel. The institutional investor now holds 897,682 shares of the ETF, following the acquisition of an additional 15,072 shares during this period. This adjustment positions the iShares ETF as the third largest holding within TFC Financial Management’s portfolio, accounting for approximately 9.5% of its total investments.

At the conclusion of the most recent reporting period, TFC Financial Management’s stake in the iShares 1-3 Year Treasury Bond ETF was valued at approximately $74.5 million. This move reflects the growing interest among institutional investors in short-term Treasury bonds, particularly as market conditions fluctuate.

A number of other hedge funds have also made significant adjustments to their positions in the iShares 1-3 Year Treasury Bond ETF. For instance, Invst LLC increased its holdings by an impressive 182.5% in the first quarter, now owning 9,648 shares worth around $798,000 after adding 6,233 shares to its portfolio. Similarly, Private Client Services LLC entered the market in the second quarter, acquiring a new position valued at approximately $536,000, while City Center Advisors LLC purchased shares worth about $1.4 million during the same period.

TrueWealth Advisors LLC also entered the market, acquiring shares valued at around $388,000, and Whitcomb & Hess Inc. increased its stake by 1.7%, now holding 22,775 shares worth about $1.9 million after acquiring an additional 382 shares.

As it stands, institutional investors collectively own 23.15% of the iShares 1-3 Year Treasury Bond ETF, indicating a robust interest in this investment vehicle.

Current Performance and Market Analysis

Shares of the iShares 1-3 Year Treasury Bond ETF opened at $82.83 on Friday. The ETF has shown stability, with a 50-day moving average price of $82.85 and a 200-day moving average price of $82.81. The market capitalization stands at approximately $23.59 billion, with a price-to-earnings (PE) ratio of 3,747.73 and a beta of 0.05. Over the past year, the ETF has experienced a low of $81.81 and a high of $83.14.

The iShares 1-3 Year Treasury Bond ETF, launched on July 22, 2002, is designed to track a market-weighted index of U.S. Treasury debt with maturities ranging from one to three years. Notably, Treasury STRIPS are excluded from this ETF. Managed by BlackRock, the ETF serves as a reliable option for investors seeking exposure to short-term government bonds.

Investors interested in detailed insights about the iShares 1-3 Year Treasury Bond ETF can access the latest 13F filings and insider trades through HoldingsChannel.com.