Ascent Group LLC Decreases Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Posted by Dante Gardener on Dec 2nd, 2024

Ascent Group LLC cut its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 38.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 47,024 shares of the company’s stock after selling 28,986 shares during the period. Ascent Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,910,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHY. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $30,000. Financial Connections Group Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $31,000. Rational Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $67,000. Global Trust Asset Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the last quarter. 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 $82.32 on Monday. The business’s 50 day moving average price is $82.42 and its 200-day moving average price is $82.21. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The company has a market cap of $22.58 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. This represents a $3.40 annualized dividend and a yield of 4.13%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 1st.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.