iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Diversified Portfolios Inc.

Diversified Portfolios Inc. lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.3% in the third quarter, Holdings Channel.com reports. The firm owned 6,066 shares of the company’s stock after selling 851 shares during the period. Diversified Portfolios Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Guidance Capital Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 11.8% in the second quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after acquiring an additional 359 shares during the last quarter. Gradient Investments LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 1,316.2% during the 2nd quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after purchasing an additional 895 shares during the period. Oppenheimer Asset Management Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 13.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock worth $4,490,000 after buying an additional 6,493 shares during the last quarter. School Employees Retirement Board of Ohio acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $10,123,000. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $1,459,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1 %

SHY stock opened at $81.93 on Friday. The stock has a market cap of $22.13 billion, a PE ratio of 3,695.45 and a beta of 0.01. The firm’s 50-day simple moving average is $82.65 and its 200 day simple moving average is $82.13. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.2831 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 annualized dividend and a yield of 4.15%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly 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.