Northeast Financial Group Inc. Sells 431 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Northeast Financial Group Inc. trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,073 shares of the company’s stock after selling 431 shares during the period. Northeast Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHY. Millennium Management LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 24.8% during the second quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock valued at $5,182,000 after purchasing an additional 12,625 shares during the last quarter. Cetera Investment Advisers increased its position in iShares 1-3 Year Treasury Bond ETF by 7.5% during the 2nd quarter. Cetera Investment Advisers now owns 580,786 shares of the company’s stock valued at $47,421,000 after buying an additional 40,358 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at $6,308,000. Brightwater Advisory LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth $1,457,000. Finally, Alternative Investment Advisors LLC. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $350,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.28 on Thursday. The company has a 50-day simple moving average of $82.03 and a two-hundred day simple moving average of $82.35. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a market capitalization of $23.17 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.09%.

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.