Kovack Advisors Inc. Sells 134 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kovack Advisors Inc. lowered its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,743 shares of the company’s stock after selling 134 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 601.3% in the third quarter. Assetmark Inc. now owns 7,874,166 shares of the company’s stock valued at $637,571,000 after acquiring an additional 6,751,373 shares during the period. Cornell University purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $35,212,000. International Assets Investment Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $119,012,000. Charles Schwab Investment Management Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 20.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,531,456 shares of the company’s stock valued at $447,882,000 after acquiring an additional 939,567 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 43.6% in the fourth quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock valued at $201,006,000 after acquiring an additional 744,074 shares during the period. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0 %

Shares of SHY opened at $81.21 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60. The company has a market cap of $24.57 billion, a P/E ratio of 3,690.68 and a beta of 0.01. The company’s fifty day simple moving average is $81.51 and its 200-day simple moving average is $81.56.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a $0.2705 dividend. This represents a $3.25 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Monday, April 1st.

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.