Magnus Financial Group LLC Decreases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Magnus Financial Group LLC lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 39.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,141 shares of the company’s stock after selling 3,403 shares during the period. Magnus Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guidance Capital Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after purchasing an additional 359 shares during the period. Gradient Investments LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% during the 2nd quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after acquiring an additional 895 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 13.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock worth $4,490,000 after buying an additional 6,493 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $1,459,000. Finally, Diversify Advisory Services LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $1,287,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.54 on Wednesday. The business’s 50-day simple moving average is $82.81 and its 200 day simple moving average is $81.99. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.67 and a one year high of $83.30. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.2883 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares 1-3 Year Treasury Bond ETF Profile

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.