Farmers & Merchants Investments Inc. Sells 597 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Farmers & Merchants Investments Inc. decreased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 48.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624 shares of the company’s stock after selling 597 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Captrust Financial Advisors grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares during the period. LPL Financial LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 21.8% in the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after purchasing an additional 1,193,337 shares during the last quarter. Barclays PLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after purchasing an additional 1,123,670 shares during the period. The Manufacturers Life Insurance Company increased its position in iShares 1-3 Year Treasury Bond ETF by 179.8% during the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after buying an additional 546,239 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $44,917,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

SHY opened at $81.97 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The business has a 50 day moving average of $82.02 and a 200-day moving average of $82.36. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2735 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

iShares 1-3 Year Treasury Bond ETF Company 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.