Oppenheimer Asset Management Inc. Trims Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Oppenheimer Asset Management Inc. lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.8% during the fourth quarter, Holdings Channel reports. The firm owned 71,827 shares of the company’s stock after selling 6,912 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,949,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Sigma Planning Corp increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.5% during the 4th quarter. Sigma Planning Corp now owns 294,513 shares of the company’s stock valued at $24,398,000 after purchasing an additional 23,076 shares during the period. Citizens Financial Group Inc. RI increased its holdings in iShares 1-3 Year Treasury Bond ETF by 14.7% during the 4th quarter. Citizens Financial Group Inc. RI now owns 68,292 shares of the company’s stock valued at $5,656,000 after purchasing an additional 8,751 shares during the period. North Star Investment Management Corp. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 30.2% during the 4th quarter. North Star Investment Management Corp. now owns 5,399 shares of the company’s stock valued at $447,000 after purchasing an additional 1,253 shares during the period. Pacific Park Financial Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $1,264,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $391,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.25 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $82.21 and a 1 year high of $83.20. The company has a market cap of $25.18 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock’s 50-day moving average is $82.58 and its 200 day moving average is $82.78.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be issued a dividend of $0.2428 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, May 1st.

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.