Hutchens & Kramer Investment Management Group LLC Cuts Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Hutchens & Kramer Investment Management Group LLC lowered its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,274 shares of the company’s stock after selling 1,962 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,334,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Fortitude Advisory Group L.L.C. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 9.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 2,699 shares of the company’s stock worth $221,000 after purchasing an additional 241 shares in the last quarter. TRU Independence Asset Management 2 LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 3.1% in the 4th quarter. TRU Independence Asset Management 2 LLC now owns 36,349 shares of the company’s stock worth $2,980,000 after acquiring an additional 1,097 shares during the last quarter. Bay Rivers Group increased its stake in iShares 1-3 Year Treasury Bond ETF by 93.5% in the 4th quarter. Bay Rivers Group now owns 7,120 shares of the company’s stock worth $584,000 after acquiring an additional 3,441 shares during the last quarter. JDH Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $288,000. Finally, Buttonwood Financial Advisors Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 14.3% during the 4th quarter. Buttonwood Financial Advisors Inc. now owns 70,091 shares of the company’s stock valued at $5,746,000 after acquiring an additional 8,754 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.26 on Tuesday. The stock has a market capitalization of $23.06 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company’s fifty day moving average is $82.02 and its 200 day moving average is $82.35. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors 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 yield of 4.09%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.