Diversify Wealth Management LLC Trims Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Diversify Wealth Management LLC trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 54.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,113 shares of the company’s stock after selling 10,679 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHY. Captrust Financial Advisors raised its holdings 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 valued at $890,151,000 after acquiring an additional 502,122 shares in the last quarter. Bank of New York Mellon Corp increased its position in iShares 1-3 Year Treasury Bond ETF by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock valued at $556,134,000 after purchasing an additional 272,758 shares during the period. Mizuho Markets Americas LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% in the 3rd quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock valued at $414,820,000 after purchasing an additional 2,414,144 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 9.4% in 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. Finally, Cerity Partners LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.2% in the 3rd quarter. Cerity Partners LLC now owns 2,617,150 shares of the company’s stock worth $217,119,000 after purchasing an additional 106,083 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

Shares of SHY stock opened at $83.18 on Friday. The firm has a market cap of $24.31 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company’s 50 day moving average is $82.88 and its 200 day moving average is $82.89. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $82.21 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

About iShares 1-3 Year Treasury Bond ETF

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.