Absolute Capital Management LLC Trims Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Absolute Capital Management LLC cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 51.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,558 shares of the company’s stock after selling 6,934 shares during the period. Absolute Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.9% in the second quarter. Captrust Financial Advisors now owns 10,742,829 shares of the company’s stock worth $890,151,000 after buying an additional 502,122 shares during the last quarter. Assetmark Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 123.2% in the second quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock valued at $588,142,000 after acquiring an additional 3,917,307 shares during the period. Bank of New York Mellon Corp boosted its position in iShares 1-3 Year Treasury Bond ETF by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock worth $556,134,000 after purchasing an additional 272,758 shares in the last quarter. Mizuho Markets Americas LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% during the 3rd quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after purchasing an additional 2,414,144 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 9.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,424,160 shares of the company’s stock valued at $373,082,000 after purchasing an additional 380,980 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.89 on Thursday. The company has a market capitalization of $24.10 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s fifty day moving average price is $82.86 and its 200 day moving average price is $82.83. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.87 and a 1 year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a dividend of $0.2548 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.