Traub Capital Management LLC lowered its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,049 shares of the company’s stock after selling 9,512 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 1.3% of Traub Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Traub Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,547,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $781,000. Diversified Trust Co acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $390,000. Valmark Advisers Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $1,831,000. Money Concepts Capital Corp bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $6,856,000. Finally, Allworth Financial LP boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.6% during the 3rd quarter. Allworth Financial LP now owns 38,757 shares of the company’s stock worth $3,182,000 after acquiring an additional 3,718 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Performance
Shares of NASDAQ SHY traded up $0.03 during mid-day trading on Friday, reaching $81.17. 3,510,545 shares of the company traded hands, compared to its average volume of 4,354,500. The stock has a market cap of $27.39 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s fifty day moving average is $81.33 and its two-hundred day moving average is $82.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.2544 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 2nd. This represents a $3.05 annualized dividend and a yield of 3.8%.
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.
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