Mattern Capital Management LLC Decreases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Mattern Capital Management LLC lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 89.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,960 shares of the company’s stock after selling 26,022 shares during the period. Mattern Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $244,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SHY. Captrust Financial Advisors lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the last quarter. Pinebridge Investments Asia Ltd. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $270,573,000. The Manufacturers Life Insurance Company raised its stake in iShares 1-3 Year Treasury Bond ETF by 534.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after buying an additional 1,887,420 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $121,919,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $81.93 on Wednesday. The business has a 50-day moving average of $82.05 and a two-hundred day moving average of $82.47. The company has a market capitalization of $25.74 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 $81.79 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.5%.

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.