iShares 1-3 Year Treasury Bond ETF $SHY Stock Holdings Lowered by Kelleher Financial Advisors

Kelleher Financial Advisors trimmed its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 49.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,561 shares of the company’s stock after selling 21,421 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 0.5% of Kelleher Financial Advisors’ investment portfolio, making the stock its 29th biggest position. Kelleher Financial Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,751,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SHY. RPOA Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $301,889,000. Bank of America Corp DE lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after buying an additional 3,451,890 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after buying an additional 2,454,485 shares during the period. AIA Group Ltd bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $123,450,000. Finally, Edge Wealth Management LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 286.0% during the 3rd quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock worth $123,284,000 after buying an additional 1,125,105 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

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

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.50 on Thursday. The stock’s fifty day moving average price is $81.39 and its 200-day moving average price is $82.10. The firm has a market cap of $27.42 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.2544 per share. The ex-dividend date of this dividend is Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 annualized dividend and a dividend yield of 3.7%.

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.