International Assets Investment Management LLC Lowers Position in iShares 1-3 Year Treasury Bond ETF $SHY

International Assets Investment Management LLC lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 22.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,861 shares of the company’s stock after selling 2,589 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHY. Flagship Harbor Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock valued at $965,000 after buying an additional 351 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 176.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $85,000 after buying an additional 653 shares in the last quarter. Alamar Capital Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 182.1% during the 1st quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock valued at $5,198,000 after buying an additional 40,561 shares in the last quarter. Irenic Capital Management LP raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% during the 1st quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after buying an additional 24,000 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.9% during the 1st quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock valued at $1,059,000 after buying an additional 716 shares in 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 0.0%

Shares of NASDAQ SHY opened at $83.10 on Tuesday. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.13. The stock’s 50-day moving average is $82.88 and its 200 day moving average is $82.66.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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