Element Wealth LLC Trims Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Element Wealth LLC cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,750 shares of the company’s stock after selling 480 shares during the quarter. Element Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,291,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SHY. Golden State Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp lifted its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the period. Roxbury Financial LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $36,000. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $37,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $45,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.24 on Friday. The stock’s 50-day moving average is $82.00 and its 200-day moving average is $82.35. The company has a market cap of $23.18 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 $80.91 and a 12 month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2735 dividend. 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.