Independent Wealth Network Inc. Sells 619 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Independent Wealth Network Inc. lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,315 shares of the company’s stock after selling 619 shares during the period. Independent Wealth Network Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SHY. DMC Group LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% during the first quarter. DMC Group LLC now owns 7,417 shares of the company’s stock worth $614,000 after acquiring an additional 122 shares during the last quarter. CNB Bank lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 6.6% during the first quarter. CNB Bank now owns 2,018 shares of the company’s stock worth $167,000 after purchasing an additional 125 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the first quarter. Apollon Wealth Management LLC now owns 21,474 shares of the company’s stock worth $1,777,000 after purchasing an additional 125 shares during the period. A. D. Beadell Investment Counsel Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.4% in the first quarter. A. D. Beadell Investment Counsel Inc. now owns 5,526 shares of the company’s stock valued at $457,000 after acquiring an additional 127 shares during the period. Finally, Hobbs Group Advisors LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.4% in the fourth quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock valued at $813,000 after acquiring an additional 136 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of NASDAQ:SHY opened at $82.46 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.67 and a 12-month high of $83.30. The company has a market capitalization of $23.69 billion, a PE ratio of 3,747.73 and a beta of 0.01. The business has a 50 day moving average of $82.46 and a two-hundred day moving average of $82.40.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were issued a $0.2641 dividend. This represents a $3.17 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Tuesday, July 1st.

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.