iShares 1-3 Year Treasury Bond ETF $SHY Stake Lowered by Trek Financial LLC

Trek Financial LLC lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 37.8% during the third quarter, Holdings Channel reports. The institutional investor owned 18,770 shares of the company’s stock after selling 11,392 shares during the period. Trek Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,524,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after buying an additional 249 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $30,000. Valley National Advisers Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $32,000. Finally, Weaver Capital Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.46 on Tuesday. The stock has a market cap of $27.44 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock’s 50 day simple moving average is $81.42 and its 200 day simple moving average is $82.11. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.95 and a 1-year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a dividend of $0.2544 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, November 2nd.

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.