West Paces Advisors Inc. Sells 4,433 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

West Paces Advisors Inc. cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,279 shares of the company’s stock after selling 4,433 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 0.7% of West Paces Advisors Inc.’s investment portfolio, making the stock its 21st largest holding. West Paces Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in SHY. Fulcrum Equity Management purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $472,000. Spreng Capital Management Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 5.3% during the fourth quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock valued at $2,388,000 after purchasing an additional 1,461 shares during the period. Element Wealth LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 25.7% in the fourth quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock worth $1,800,000 after buying an additional 4,488 shares during the last quarter. SWP Financial LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $338,000. Finally, Sarasin & Partners LLP purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $1,151,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1 %

SHY traded down $0.08 on Wednesday, reaching $81.58. 2,326,247 shares of the company traded hands, compared to its average volume of 4,033,058. The firm has a fifty day simple moving average of $81.37 and a two-hundred day simple moving average of $81.63. The company has a market cap of $24.51 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.39.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.2621 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.15 annualized dividend and a dividend yield of 3.86%.

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.