iShares 1-3 Year Treasury Bond ETF $SHY Stock: Investment Research Partners LLC Cuts Holdings

Investment Research Partners LLC cut its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 48.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 20,950 shares of the company’s stock after selling 19,814 shares during the period. Investment Research Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,701,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after buying an additional 3,451,890 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after acquiring an additional 165,473 shares during the period. RPOA Advisors Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $301,889,000. The Manufacturers Life Insurance Company raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $81.31 on Tuesday. The company has a market cap of $26.95 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The firm has a 50 day simple moving average of $81.51 and a 200 day simple moving average of $81.91.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.