iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC reduced its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.9% during the first quarter, HoldingsChannel reports. The firm owned 6,654 shares of the company’s stock after selling 650 shares during the quarter. MONECO Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $551,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Schroder Investment Management Group now owns 52,970 shares of the company’s stock worth $4,340,000 after buying an additional 7,717 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.7% in the fourth quarter. Alliancebernstein L.P. now owns 370,715 shares of the company’s stock worth $30,391,000 after buying an additional 16,742 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 44,079 shares of the company’s stock worth $3,614,000 after buying an additional 2,919 shares during the last quarter. National Bank of Canada FI increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 18.5% in the fourth quarter. National Bank of Canada FI now owns 79,320 shares of the company’s stock worth $6,503,000 after buying an additional 12,376 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $295,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2%

Shares of NASDAQ:SHY opened at $82.66 on Friday. The company has a fifty day simple moving average of $82.50 and a 200 day simple moving average of $82.45. The firm has a market cap of $23.37 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.67 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.2698 per share. The ex-dividend date is Friday, August 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 3.9%.

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.