Intelligence Driven Advisers LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Intelligence Driven Advisers LLC decreased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,257 shares of the company’s stock after selling 1,738 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Beacon Harbor Wealth Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $11,513,000. Benjamin Edwards Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 56.5% during the fourth quarter. Benjamin Edwards Inc. now owns 2,295 shares of the company’s stock valued at $188,000 after purchasing an additional 829 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 395.7% during the fourth quarter. First Horizon Advisors Inc. now owns 99,772 shares of the company’s stock valued at $8,185,000 after purchasing an additional 79,645 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 12.4% during the fourth quarter. Fisher Asset Management LLC now owns 153,331 shares of the company’s stock valued at $12,579,000 after purchasing an additional 16,954 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 11.8% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 51,423 shares of the company’s stock valued at $4,219,000 after purchasing an additional 5,423 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock traded up $0.12 during mid-day trading on Thursday, hitting $81.17. The company had a trading volume of 1,999,743 shares, compared to its average volume of 4,544,364. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.55 and a 52-week high of $82.60. The stock’s 50 day moving average price is $81.48 and its 200-day moving average price is $81.57. The company has a market capitalization of $24.61 billion, a P/E ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a $0.2616 dividend. This represents a $3.14 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, May 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.