Baker Ellis Asset Management LLC Has $588,000 Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Baker Ellis Asset Management LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,176 shares of the company’s stock after selling 400 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $588,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Logan Capital Management Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $37,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $68,000. Creative Financial Designs Inc. ADV increased its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $76,000. Finally, Bristlecone Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $78,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.09 on Thursday. The stock has a market capitalization of $22.99 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The business has a 50-day moving average of $82.01 and a 200-day moving average of $82.34. 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 Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.2804 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.