Vivaldi Capital Management LP Cuts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Vivaldi Capital Management LP lessened its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,175 shares of the company’s stock after selling 2,551 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 1.6% of Vivaldi Capital Management LP’s holdings, making the stock its 18th biggest holding. Vivaldi Capital Management LP’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Proficio Capital Partners LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 51.6% during the 4th quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after acquiring an additional 36,585 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $719,000. Pinnacle Financial Partners Inc grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after purchasing an additional 22,721 shares during the last quarter. Zhang Financial LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after buying an additional 1,859 shares during the period. Finally, Purus Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 8.6% during the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after buying an additional 530 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 Stock Down 0.0%

Shares of SHY opened at $82.40 on Monday. The firm has a fifty day simple moving average of $82.59 and a two-hundred day simple moving average of $82.27. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.21 and a twelve month high of $83.30. The stock has a market capitalization of $23.87 billion, a P/E ratio of 3,747.73 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were issued a dividend of $0.2592 per share. The ex-dividend date was Thursday, May 1st. This represents a $3.11 dividend on an annualized basis and a yield of 3.77%.

About iShares 1-3 Year Treasury Bond ETF

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.