iShares 1-3 Year Treasury Bond ETF $SHY Stock Position Trimmed by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 227,386 shares of the company’s stock after selling 16,835 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for approximately 10.1% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Ridgepath Capital Management LLC owned approximately 0.07% of iShares 1-3 Year Treasury Bond ETF worth $18,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHY. Whittier Trust Co. of Nevada Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Mather Group LLC. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $30,000. Valley National Advisers Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $32,000. Finally, Weaver Capital Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $34,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $81.70 on Monday. The stock has a market cap of $27.52 billion, a P/E 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 moving average price of $81.43 and a 200 day moving average price of $82.12.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a dividend of $0.2544 per share. The ex-dividend date is Monday, November 2nd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%.

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.