Oppenheimer & Co. Inc. Trims Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Oppenheimer & Co. Inc. reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,373 shares of the company’s stock after selling 8,502 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,983,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Eagle Asset Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after buying an additional 1,938 shares during the period. Pinnacle Financial Partners Inc lifted its stake in iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after acquiring an additional 22,721 shares in the last quarter. Zhang Financial LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 17.1% during the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after acquiring an additional 1,859 shares during the period. Purus Wealth Management LLC grew 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 valued at $546,000 after acquiring an additional 530 shares in the last quarter. Finally, Zacks Investment Management increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.8% during the third quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock worth $29,862,000 after purchasing an additional 9,784 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.47 on Friday. The stock has a market capitalization of $23.24 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company’s 50-day simple moving average is $82.04 and its 200-day simple moving average is $82.34. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.