Carlton Hofferkamp & Jenks Wealth Management LLC Cuts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 58,925 shares of the company’s stock after selling 4,064 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 1.8% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,837,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wernau Asset Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $360,000. Meridian Wealth Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 68.4% in the fourth quarter. Meridian Wealth Management LLC now owns 43,629 shares of the company’s stock valued at $3,577,000 after acquiring an additional 17,716 shares in the last quarter. Kelly Financial Group LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $2,043,000. Alesco Advisors LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.2% during the 4th quarter. Alesco Advisors LLC now owns 8,370 shares of the company’s stock valued at $686,000 after buying an additional 260 shares in the last quarter. Finally, Durante & Waters LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 7.2% during the 4th quarter. Durante & Waters LLC now owns 87,152 shares of the company’s stock valued at $7,145,000 after buying an additional 5,863 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2 %

Shares of SHY stock opened at $82.42 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The stock has a market cap of $23.02 billion, a PE ratio of 3,755.45 and a beta of 0.03. The company’s fifty day moving average price is $82.08 and its 200-day moving average price is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.2531 per share. The ex-dividend date of this dividend is Monday, March 3rd.

About iShares 1-3 Year Treasury Bond ETF

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.