KFA Private Wealth Group LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

KFA Private Wealth Group LLC cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,782 shares of the company’s stock after selling 18,860 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 1.8% of KFA Private Wealth Group LLC’s holdings, making the stock its 12th biggest holding. KFA Private Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares during the period. Bank of America Corp DE increased its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares during the period. Bank of New York Mellon Corp raised its position in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after purchasing an additional 165,473 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after buying an additional 2,454,485 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

Shares of SHY traded up $0.03 during midday trading on Wednesday, reaching $81.16. 4,083,448 shares of the stock were exchanged, compared to its average volume of 4,285,900. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The company’s 50 day moving average is $81.62 and its two-hundred day moving average is $81.97. The company has a market capitalization of $26.34 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.2410 dividend. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date of this dividend was Thursday, October 1st.

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.