Summit Financial LLC Sells 21,637 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Summit Financial LLC lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 88.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,789 shares of the company’s stock after selling 21,637 shares during the period. Summit Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in SHY. Assetmark Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 601.3% in the 3rd quarter. Assetmark Inc. now owns 7,874,166 shares of the company’s stock worth $637,571,000 after buying an additional 6,751,373 shares during the last quarter. Cornell University purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $35,212,000. International Assets Investment Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $119,012,000. Charles Schwab Investment Management Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 20.5% during 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 purchasing an additional 939,567 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 43.6% during the fourth quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock worth $201,006,000 after purchasing an additional 744,074 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2 %

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.30 on Friday. The firm has a market capitalization of $24.65 billion, a PE ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.55 and a 12 month high of $82.60. The business’s 50-day moving average price is $81.47 and its 200-day moving average price is $81.56.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a $0.2616 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.86%.

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.