Advocacy Wealth Management Services LLC Lowers Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Advocacy Wealth Management Services LLC reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 35.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,022 shares of the company’s stock after selling 18,095 shares during the period. Advocacy Wealth Management Services LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,701,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SHY. Future Financial Wealth Managment LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $36,000. Mather Group LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $39,000. Fortitude Family Office LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $45,000. Cedar Mountain Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $55,000. Finally, Vestor Capital LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.8% in the 4th quarter. Vestor Capital LLC now owns 684 shares of the company’s stock valued at $56,000 after purchasing an additional 153 shares in the last quarter. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY traded up $0.06 during trading on Thursday, reaching $81.64. 1,111,411 shares of the stock were exchanged, compared to its average volume of 4,008,747. The firm’s 50-day moving average price is $81.37 and its 200 day moving average price is $81.63. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.2621 per share. The ex-dividend date was Monday, June 3rd. This represents a $3.15 annualized dividend and a yield of 3.85%.

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.