Ted Buchan & Co Has $11.24 Million Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ted Buchan & Co cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,047 shares of the company’s stock after selling 5,733 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up 5.3% of Ted Buchan & Co’s portfolio, making the stock its 3rd largest position. Ted Buchan & Co’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $11,235,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SHY. Proficio Capital Partners LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after acquiring an additional 36,585 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $719,000. Pinnacle Financial Partners Inc lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock valued at $17,316,000 after purchasing an additional 22,721 shares in the last quarter. Zhang Financial LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after buying an additional 1,859 shares during the last quarter. Finally, Purus Wealth Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 8.6% in the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after buying an additional 530 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.68 on Friday. The company’s 50-day simple moving average is $82.33 and its two-hundred day simple moving average is $82.29. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a market capitalization of $22.99 billion, a P/E ratio of 3,758.18 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.2798 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 dividend on an annualized basis and a yield of 4.06%.

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.