Edgestream Partners L.P. Sells 46,018 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Edgestream Partners L.P. lessened its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 78.6% in the first quarter, HoldingsChannel.com reports. The fund owned 12,562 shares of the company’s stock after selling 46,018 shares during the period. Edgestream Partners L.P.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after purchasing an additional 4,206,546 shares during the last quarter. Pinebridge Investments Asia Ltd. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $270,573,000. The Manufacturers Life Insurance Company increased its position in iShares 1-3 Year Treasury Bond ETF by 534.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after buying an additional 1,887,420 shares during the last quarter. Mizuho Markets Cayman LP bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $121,919,000. Finally, Valpey Financial Services LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 9,080.1% in the fourth quarter. Valpey Financial Services LLC now owns 1,114,004 shares of the company’s stock valued at $92,262,000 after buying an additional 1,101,869 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.3%

SHY opened at $81.77 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.75 and a 12-month high of $83.20. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The business has a 50 day moving average of $81.98 and a 200-day moving average of $82.38.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 6th. Investors of record on Monday, August 3rd will be paid a $0.2508 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.