HCR Wealth Advisors Cuts Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

HCR Wealth Advisors lessened its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,239 shares of the company’s stock after selling 1,624 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 0.6% of HCR Wealth Advisors’ portfolio, making the stock its 25th largest holding. HCR Wealth Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,774,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SHY. School Employees Retirement Board of Ohio purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $10,123,000. Eagle Asset Management Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 17.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,938 shares during the period. TPG Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth $295,000. Alternative Investment Advisors LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at about $350,000. Finally, Park Avenue Securities LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 30.4% during the third quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after buying an additional 20,384 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2 %

SHY opened at $82.05 on Thursday. The company has a market cap of $22.79 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The business’s 50-day moving average price is $82.01 and its 200-day moving average price is $82.32.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%.

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.