Envestnet Asset Management Inc. Sells 334,254 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Envestnet Asset Management Inc. cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,958,382 shares of the company’s stock after selling 334,254 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $328,387,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SHY. Ashton Thomas Private Wealth LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 9.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 238,891 shares of the company’s stock valued at $19,818,000 after purchasing an additional 21,576 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 7.5% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 122,491 shares of the company’s stock worth $10,162,000 after buying an additional 8,507 shares during the last quarter. Westside Investment Management Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 5.3% during the third quarter. Westside Investment Management Inc. now owns 33,293 shares of the company’s stock valued at $2,762,000 after buying an additional 1,675 shares during the period. Allianz Asset Management GmbH raised its position in iShares 1-3 Year Treasury Bond ETF by 207.3% in the third quarter. Allianz Asset Management GmbH now owns 122,388 shares of the company’s stock worth $10,153,000 after acquiring an additional 82,562 shares during the period. Finally, Syntax Research Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 2.8% in the third quarter. Syntax Research Inc. now owns 84,838 shares of the company’s stock valued at $7,038,000 after acquiring an additional 2,322 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

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

Shares of SHY stock opened at $82.73 on Thursday. The firm has a market cap of $24.25 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company has a 50 day moving average of $82.84 and a 200-day moving average of $82.84. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.87 and a 12-month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.