iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Clarity Financial LLC

Clarity Financial LLC lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 683,431 shares of the company’s stock after selling 27,853 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 6.7% of Clarity Financial LLC’s holdings, making the stock its 3rd biggest position. Clarity Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $56,028,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $37,000. AlphaMark Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $63,000. Global Trust Asset Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $68,000. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $76,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.28 on Friday. The firm has a 50 day simple moving average of $82.03 and a 200 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 cap of $23.17 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.