VestGen Advisors LLC lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 50.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,453 shares of the company’s stock after selling 28,259 shares during the quarter. VestGen Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,229,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RPOA Advisors Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $301,889,000. Bank of America Corp DE lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after buying an additional 3,451,890 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after purchasing an additional 2,454,485 shares during the period. Edge Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 286.0% in the 3rd quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock valued at $123,284,000 after acquiring an additional 1,125,105 shares during the period. Finally, Assetmark Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after buying an additional 1,002,453 shares during the period. 23.15% of the stock is owned by institutional investors.
iShares 1-3 Year Treasury Bond ETF Stock Performance
SHY stock opened at $81.58 on Friday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20. The stock’s 50 day simple moving average is $81.43 and its 200 day simple moving average is $82.12. The company has a market cap of $27.44 billion, a P/E ratio of 3,747.73 and a beta of 0.05.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.2410 per share. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 3.5%.
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.
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