iShares 1-3 Year Treasury Bond ETF $SHY is Innova Wealth Partners’ 2nd Largest Position

Innova Wealth Partners lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 135,603 shares of the company’s stock after selling 45,147 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 5.7% of Innova Wealth Partners’ portfolio, making the stock its 2nd biggest position. Innova Wealth Partners’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $11,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 16.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock worth $3,740,000 after purchasing an additional 6,436 shares in the last quarter. First Horizon Corp bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $2,116,000. Cadence Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $5,524,000. Childress Capital Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $896,000. Finally, JARISLOWSKY FRASER Ltd boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 66.9% during the third quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock valued at $3,445,000 after buying an additional 16,647 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.31 on Friday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.21 and a fifty-two week high of $83.20. The business has a 50-day simple moving average of $82.83 and a two-hundred day simple moving average of $82.87. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.223 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.