iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 95.5% during the fourth quarter, HoldingsChannel reports. The firm owned 278,273 shares of the company’s stock after selling 5,935,830 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $22,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHY. Golden State Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $30,000. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $32,000. Roxbury Financial LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $36,000. Finally, Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $37,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.5 %

Shares of SHY opened at $82.69 on Friday. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 3,762.27 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.07 and a 52-week high of $83.30. The stock has a 50 day moving average price of $82.59 and a 200 day moving average price of $82.27.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st will be issued a $0.2592 dividend. This represents a $3.11 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, 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.