HB Wealth Management LLC Has $1.30 Million Position in iShares 1-3 Year Treasury Bond ETF $SHY

HB Wealth Management LLC lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,715 shares of the company’s stock after selling 2,705 shares during the quarter. HB Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHY. Godsey & Gibb Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB grew its holdings in iShares 1-3 Year Treasury Bond ETF by 45.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares during the last quarter. WestEnd Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at approximately $35,000. CENTRAL TRUST Co grew its holdings in iShares 1-3 Year Treasury Bond ETF by 575.4% during the first quarter. CENTRAL TRUST Co now owns 439 shares of the company’s stock valued at $36,000 after purchasing an additional 374 shares during the last quarter. Finally, WFA Asset Management Corp acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

Shares of SHY stock opened at $82.82 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.12. The business’s 50 day moving average is $82.80 and its two-hundred day moving average is $82.63. The company has a market cap of $23.42 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2563 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, October 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.