Kovitz Investment Group Partners LLC Sells 46,563 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kovitz Investment Group Partners LLC decreased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,685 shares of the company’s stock after selling 46,563 shares during the period. Kovitz Investment Group Partners LLC owned about 0.11% of iShares 1-3 Year Treasury Bond ETF worth $24,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SHY. Hobbs Group Advisors LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock valued at $813,000 after acquiring an additional 136 shares during the last quarter. Spreng Capital Management Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Spreng Capital Management Inc. now owns 10,388 shares of the company’s stock valued at $852,000 after purchasing an additional 140 shares in the last quarter. Blueprint Investment Partners LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.2% during the 4th quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock valued at $546,000 after purchasing an additional 142 shares during the last quarter. Center For Asset Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 5.8% in the 4th quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after purchasing an additional 145 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1 %

Shares of NASDAQ:SHY opened at $82.84 on Friday. The stock has a market capitalization of $24.28 billion, a P/E ratio of 3,762.27 and a beta of 0.04. The stock’s 50-day moving average price is $82.53 and its 200-day moving average price is $82.26. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.2798 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 annualized dividend and a yield of 4.05%.

iShares 1-3 Year Treasury Bond ETF Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.