Southeast Asset Advisors LLC Sells 838 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Southeast Asset Advisors LLC reduced its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,424 shares of the company’s stock after selling 838 shares during the period. Southeast Asset Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $363,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SHY. JPMorgan Chase & Co. increased its stake in iShares 1-3 Year Treasury Bond ETF by 47.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,544,623 shares of the company’s stock worth $946,428,000 after acquiring an additional 3,731,847 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% during the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after purchasing an additional 8,173,293 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,483,336 shares of the company’s stock worth $449,524,000 after purchasing an additional 59,920 shares during the last quarter. Bank of Montreal Can raised its stake in iShares 1-3 Year Treasury Bond ETF by 0.9% in the fourth quarter. Bank of Montreal Can now owns 5,182,691 shares of the company’s stock valued at $424,877,000 after purchasing an additional 47,346 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $389,029,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.68 on Monday. The firm has a market capitalization of $22.99 billion, a PE ratio of 3,758.18 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The firm has a fifty day moving average of $82.33 and a 200 day moving average of $82.28.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed 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 of this dividend was Tuesday, April 1st.

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.