Focus Partners Advisor Solutions LLC Sells 3,971 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Focus Partners Advisor Solutions LLC cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,827 shares of the company’s stock after selling 3,971 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. Accredited Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $30,000. Van ECK Associates Corp increased its stake 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 purchasing an additional 187 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $32,000. Finally, Roxbury Financial LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $36,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.44 on Wednesday. The firm has a market capitalization of $23.88 billion, a PE ratio of 3,747.73 and a beta of 0.04. The company’s 50-day moving average is $82.59 and its 200-day moving average is $82.27. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.21 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were given a dividend of $0.2592 per share. The ex-dividend date was Thursday, May 1st. This represents a $3.11 annualized dividend and a dividend yield of 3.77%.

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.