iShares 1-3 Year Treasury Bond ETF $SHY Stake Lessened by MBL Wealth LLC

MBL Wealth LLC lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 94.8% in the third quarter, Holdings Channel.com reports. The firm owned 11,018 shares of the company’s stock after selling 202,443 shares during the period. MBL Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. RPOA Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $301,889,000. Bank of America Corp DE lifted its position in iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after buying an additional 3,451,890 shares during the period. The Manufacturers Life Insurance Company lifted its position in iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after buying an additional 2,454,485 shares during the period. Edge Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 286.0% in the 3rd quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock worth $123,284,000 after buying an additional 1,125,105 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after buying an additional 1,002,453 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 Trading Down 0.0%

Shares of NASDAQ:SHY opened at $81.50 on Friday. The firm has a market cap of $27.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s 50-day moving average price is $81.47 and its two-hundred day moving average price is $81.88. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, October 1st. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.