Ritholtz Wealth Management Trims Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ritholtz Wealth Management reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 89,072 shares of the company’s stock after selling 1,121 shares during the period. Ritholtz Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,273,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHY. The Manufacturers Life Insurance Company increased its holdings in shares of 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 buying an additional 1,849,118 shares during the last quarter. Members Trust Co increased its stake in iShares 1-3 Year Treasury Bond ETF by 96.2% during the first quarter. Members Trust Co now owns 1,493,298 shares of the company’s stock worth $122,122,000 after acquiring an additional 732,321 shares during the last quarter. Pathstone Holdings LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $59,218,000. Simplicity Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $58,276,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7,346.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 668,426 shares of the company’s stock valued at $54,664,000 after purchasing an additional 659,449 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock remained flat at $82.80 during trading hours on Friday. 2,781,303 shares of the stock traded hands, compared to its average volume of 4,000,214. The firm has a fifty day moving average price of $82.17 and a two-hundred day moving average price of $81.71. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.62 and a 52 week high of $82.91. The firm has a market cap of $24.56 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were given a dividend of $0.2725 per share. The ex-dividend date of this dividend was Thursday, August 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.27 annualized dividend and a yield of 3.95%.

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.