iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 77.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,364 shares of the company’s stock after selling 18,805 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $444,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DMC Group LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% during the 1st quarter. DMC Group LLC now owns 7,417 shares of the company’s stock worth $614,000 after acquiring an additional 122 shares in the last quarter. CNB Bank boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.6% during the 1st quarter. CNB Bank now owns 2,018 shares of the company’s stock worth $167,000 after acquiring an additional 125 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the 1st quarter. Apollon Wealth Management LLC now owns 21,474 shares of the company’s stock worth $1,777,000 after acquiring an additional 125 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares during the period. Finally, Robinson Value Management Ltd. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 1st quarter. Robinson Value Management Ltd. now owns 18,177 shares of the company’s stock valued at $1,504,000 after purchasing an additional 128 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

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

Shares of NASDAQ SHY opened at $83.12 on Wednesday. The stock has a market cap of $24.29 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.13. The business has a 50-day moving average price of $82.89 and a 200 day moving average price of $82.67.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.