Sequoia Financial Advisors LLC Sells 622 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Sequoia Financial Advisors LLC lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,863 shares of the company’s stock after selling 622 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,143,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SHY. MassMutual Private Wealth & Trust FSB grew its position in iShares 1-3 Year Treasury Bond ETF by 45.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after buying an additional 125 shares during the period. WestEnd Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $35,000. CENTRAL TRUST Co grew its position in iShares 1-3 Year Treasury Bond ETF by 575.4% during the first quarter. CENTRAL TRUST Co now owns 439 shares of the company’s stock valued at $36,000 after buying an additional 374 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at about $39,000. Finally, Flaharty Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $40,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

Shares of NASDAQ:SHY opened at $82.99 on Thursday. The firm has a market capitalization of $23.79 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.67 and a twelve month high of $83.12. The company has a 50-day moving average price of $82.85 and a two-hundred day moving average price of $82.65.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2563 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, October 1st.

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.