Kovitz Investment Group Partners LLC Lowers Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kovitz Investment Group Partners LLC reduced its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 346,248 shares of the company’s stock after selling 33,791 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $28,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock worth $225,000 after buying an additional 131 shares during the period. Patton Fund Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% during the second quarter. Patton Fund Management Inc. now owns 7,767 shares of the company’s stock worth $634,000 after buying an additional 140 shares during the period. SPC Financial Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after purchasing an additional 140 shares during the period. Secure Asset Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.0% in the second quarter. Secure Asset Management LLC now owns 7,528 shares of the company’s stock valued at $615,000 after purchasing an additional 148 shares during the period. Finally, Aveo Capital Partners LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.0% in the second quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock valued at $1,229,000 after purchasing an additional 148 shares during the period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.15 on Friday. The firm has a market cap of $22.19 billion, a PE ratio of 3,695.45 and a beta of 0.01. The stock has a fifty day moving average price of $82.33 and a 200 day moving average price of $82.21. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were issued a $0.2653 dividend. The ex-dividend date was Monday, December 2nd.

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.