MinichMacGregor Wealth Management LLC Trims Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

MinichMacGregor Wealth Management LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,614 shares of the company’s stock after selling 462 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,793,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WestEnd Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $30,000. Financial Connections Group Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $31,000. Rational Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at approximately $67,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY traded down $0.08 during trading hours on Tuesday, hitting $82.03. The company’s stock had a trading volume of 310,229 shares, compared to its average volume of 4,015,073. The company has a market capitalization of $22.16 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The business’s 50-day moving average is $82.75 and its two-hundred day moving average is $82.10.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be paid a $0.2831 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

iShares 1-3 Year Treasury Bond ETF Company 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.