Balentine LLC Has $1.08 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Balentine LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 99.6% in the third quarter, Holdings Channel.com reports. The firm owned 12,958 shares of the company’s stock after selling 2,868,533 shares during the quarter. Balentine LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,077,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock valued at $446,254,000 after purchasing an additional 422,978 shares during the last quarter. Captrust Financial Advisors lifted its position in iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after buying an additional 379,718 shares in the last quarter. Raymond James & Associates boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% during the 2nd quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock worth $246,738,000 after buying an additional 250,959 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock valued at $135,391,000 after acquiring an additional 83,881 shares in the last quarter. Finally, Cerity Partners OCIO LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $129,075,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.09 on Wednesday. The stock has a 50 day moving average price of $82.74 and a 200 day moving average price of $82.10. The stock has a market capitalization of $22.17 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be paid a $0.2831 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

About iShares 1-3 Year Treasury Bond ETF

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.