iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Howard Financial Services LTD.

Howard Financial Services LTD. cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 46.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,958 shares of the company’s stock after selling 6,041 shares during the period. Howard Financial Services LTD.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $570,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. School Employees Retirement Board of Ohio purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $10,123,000. Eagle Asset Management Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 17.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after acquiring an additional 1,938 shares during the period. TPG Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $295,000. Alternative Investment Advisors LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $350,000. Finally, Park Avenue Securities LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 30.4% in the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after buying an additional 20,384 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 stock opened at $82.08 on Friday. The firm’s 50-day simple moving average is $82.01 and its 200-day simple moving average is $82.31. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The firm has a market cap of $22.74 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%.

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.