Avantax Advisory Services Inc. Trims Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Avantax Advisory Services Inc. cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,168 shares of the company’s stock after selling 14,023 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,228,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SHY. Alamar Capital Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 182.1% during the first quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock valued at $5,198,000 after buying an additional 40,561 shares in the last quarter. Irenic Capital Management LP increased its stake in iShares 1-3 Year Treasury Bond ETF by 400.0% during the first quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 24,000 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.9% during the first quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock worth $1,059,000 after purchasing an additional 716 shares during the period. Deutsche Bank AG lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 124.7% in the 1st quarter. Deutsche Bank AG now owns 19,004 shares of the company’s stock worth $1,572,000 after buying an additional 10,547 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in iShares 1-3 Year Treasury Bond ETF by 96.0% in the second quarter. Silver Oak Securities Incorporated now owns 153,099 shares of the company’s stock valued at $12,686,000 after acquiring an additional 74,972 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.87 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.14. The stock has a fifty day moving average price of $82.92 and a 200 day moving average price of $82.69. The company has a market cap of $23.92 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were given a $0.2627 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a yield of 3.8%.

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.