Focus Partners Advisor Solutions LLC Sells 48,667 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Focus Partners Advisor Solutions LLC decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 57.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,452 shares of the company’s stock after selling 48,667 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $25,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $33,000. Finally, Accredited Wealth Management LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% during the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $81.94 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.86 and a 1 year high of $83.20. The stock’s 50 day simple moving average is $82.28 and its two-hundred day simple moving average is $82.62. The company has a market cap of $25.09 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.2429 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.