Orion Porfolio Solutions LLC Sells 9,616 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Orion Porfolio Solutions LLC trimmed its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,775 shares of the company’s stock after selling 9,616 shares during the period. Orion Porfolio Solutions LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $14,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SHY. Captrust Financial Advisors increased its stake in iShares 1-3 Year Treasury Bond ETF by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 10,742,829 shares of the company’s stock worth $890,151,000 after acquiring an additional 502,122 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock worth $556,134,000 after purchasing an additional 272,758 shares during the period. Mizuho Markets Americas LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% in the third quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after purchasing an additional 2,414,144 shares during the period. Ameriprise Financial Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 9.4% in the second quarter. Ameriprise Financial Inc. now owns 4,424,160 shares of the company’s stock valued at $373,082,000 after purchasing an additional 380,980 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 4.2% during the third quarter. Cerity Partners LLC now owns 2,617,150 shares of the company’s stock worth $217,119,000 after purchasing an additional 106,083 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

SHY stock opened at $82.69 on Friday. The company’s 50-day moving average price is $82.88 and its two-hundred day moving average price is $82.89. The firm has a market cap of $24.17 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.21 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.223 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.