Charles Schwab Investment Management Inc. Cuts Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Charles Schwab Investment Management Inc. trimmed its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 40.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,267,337 shares of the company’s stock after selling 2,264,119 shares during the period. Charles Schwab Investment Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $268,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Barrett & Company Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Barrett & Company Inc. now owns 9,375 shares of the company’s stock valued at $769,000 after acquiring an additional 125 shares during the last quarter. Advanced Asset Management Advisors Inc lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.5% in the fourth quarter. Advanced Asset Management Advisors Inc now owns 8,627 shares of the company’s stock worth $708,000 after buying an additional 128 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 5,043 shares of the company’s stock valued at $414,000 after buying an additional 133 shares during the last quarter. Straight Path Wealth Management grew its holdings in iShares 1-3 Year Treasury Bond ETF by 4.8% during the 4th quarter. Straight Path Wealth Management now owns 3,295 shares of the company’s stock valued at $270,000 after buying an additional 150 shares in the last quarter. Finally, Seelaus Asset Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th quarter. Seelaus Asset Management LLC now owns 6,757 shares of the company’s stock worth $554,000 after acquiring an additional 150 shares in the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $81.28 on Thursday. The stock has a 50 day moving average price of $81.45 and a 200-day moving average price of $81.59. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.43. The company has a market capitalization of $24.54 billion, a P/E ratio of 3,695.45 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a $0.2616 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.86%.

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.