LPL Financial LLC Sells 318,924 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

LPL Financial LLC trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,297,662 shares of the company’s stock after selling 318,924 shares during the period. LPL Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $521,572,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $25,000. Key Financial Inc grew its holdings in iShares 1-3 Year Treasury Bond ETF by 158.1% during the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after purchasing an additional 196 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Finally, Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.90 on Tuesday. The stock has a market cap of $25.08 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.86 and a 1 year high of $83.20. The firm has a 50-day moving average of $82.30 and a two-hundred day moving average of $82.64.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.2429 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 3.6%.

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.