Trek Financial LLC Sells 17,076 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Trek Financial LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,660 shares of the company’s stock after selling 17,076 shares during the period. Trek Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SHY. Waterloo Capital L.P. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $1,100,000. Wells Fargo & Company MN boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,483,336 shares of the company’s stock valued at $449,524,000 after purchasing an additional 59,920 shares in the last quarter. Prudential PLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $295,000. Landscape Capital Management L.L.C. bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $31,526,000. Finally, Wescott Financial Advisory Group LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 12.4% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 32,981 shares of the company’s stock valued at $2,704,000 after acquiring an additional 3,650 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

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

SHY opened at $82.68 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The stock has a fifty day moving average price of $82.33 and a 200-day moving average price of $82.28. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

About iShares 1-3 Year Treasury Bond ETF

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.