Mutual Advisors LLC Sells 7,657 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mutual Advisors LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,059 shares of the company’s stock after selling 7,657 shares during the period. Mutual Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHY. Logan Capital Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $37,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $68,000. Creative Financial Designs Inc. ADV increased its position in shares of 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 valued at $73,000 after purchasing an additional 167 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $76,000. Finally, Bristlecone Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $78,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

NASDAQ:SHY opened at $82.09 on Thursday. The firm has a 50-day moving average price of $82.02 and a 200 day moving average price of $82.34. The firm has a market capitalization of $22.99 billion, a PE 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.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.