NTV Asset Management LLC Reduces Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

NTV Asset Management LLC decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,704 shares of the company’s stock after selling 7,022 shares during the quarter. NTV Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,519,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Independent Advisor Alliance lifted its position in iShares 1-3 Year Treasury Bond ETF by 57.2% during the third quarter. Independent Advisor Alliance now owns 11,689 shares of the company’s stock worth $946,000 after buying an additional 4,253 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,114,732 shares of the company’s stock worth $414,140,000 after acquiring an additional 350,025 shares during the period. Brown Advisory Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.8% during the 3rd quarter. Brown Advisory Inc. now owns 41,124 shares of the company’s stock worth $3,330,000 after acquiring an additional 3,320 shares during the period. Rovin Capital UT ADV lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 290.1% during the 3rd quarter. Rovin Capital UT ADV now owns 154,814 shares of the company’s stock worth $12,535,000 after acquiring an additional 115,127 shares during the period. Finally, Professional Financial Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $597,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2 %

Shares of SHY stock traded up $0.13 during trading hours on Friday, hitting $81.30. 4,960,204 shares of the company were exchanged, compared to its average volume of 4,570,730. The firm has a market cap of $24.42 billion, a PE ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.55 and a 1 year high of $82.60. The firm has a fifty day moving average of $81.47 and a 200 day moving average of $81.56.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.2616 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $3.14 annualized dividend and a dividend yield of 3.86%.

About iShares 1-3 Year Treasury Bond ETF

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.