Sax Wealth Advisors LLC Sells 643 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sax Wealth Advisors LLC lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,278 shares of the company’s stock after selling 643 shares during the quarter. Sax Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $431,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornell University purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $35,212,000. The Manufacturers Life Insurance Company grew its position in iShares 1-3 Year Treasury Bond ETF by 3,931.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock worth $155,560,000 after purchasing an additional 1,849,118 shares during the last quarter. Cerity Partners LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 43.6% during the 4th quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock worth $201,006,000 after purchasing an additional 744,074 shares during the last quarter. Members Trust Co grew its position in iShares 1-3 Year Treasury Bond ETF by 96.2% during the 1st quarter. Members Trust Co now owns 1,493,298 shares of the company’s stock worth $122,122,000 after purchasing an additional 732,321 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $59,218,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY traded up $0.02 during trading hours on Friday, hitting $82.48. 5,079,363 shares of the company were exchanged, compared to its average volume of 4,068,737. The company’s 50 day moving average price is $81.81 and its 200-day moving average price is $81.63. The stock has a market capitalization of $24.46 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 52-week low of $80.62 and a 52-week high of $82.91.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.2725 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.27 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Thursday, August 1st.

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.