Modern Wealth Management LLC Lowers Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Modern Wealth Management LLC lowered its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.1% in the third quarter, Holdings Channel reports. The institutional investor owned 417,575 shares of the company’s stock after selling 46,772 shares during the period. Modern Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $34,642,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hantz Financial Services Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $75,000. Golden State Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 121.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,263 shares of the company’s stock valued at $188,000 after acquiring an additional 1,240 shares during the last quarter. Bryn Mawr Trust Advisors LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.4% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 6,467 shares of the company’s stock worth $536,000 after purchasing an additional 213 shares during the period. Finally, Nvwm LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 13.8% in the second quarter. Nvwm LLC now owns 23,535 shares of the company’s stock valued at $1,950,000 after purchasing an additional 2,857 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

NASDAQ SHY opened at $82.73 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.21 and a twelve month high of $83.20. The business’s 50-day moving average price is $82.88 and its 200 day moving average price is $82.89. The company has a market capitalization of $24.18 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.223 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.