iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC trimmed its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 78,906 shares of the company’s stock after selling 14,117 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.1% of SevenBridge Financial Group LLC’s holdings, making the stock its 20th biggest holding. SevenBridge Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,537,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SHY. Key Financial Inc grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after acquiring an additional 196 shares during the last quarter. Pflug Koory LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 637.8% in the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 287 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $29,000. Howe & Rusling Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 36,100.0% during the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after purchasing an additional 361 shares during the period. Finally, Accredited Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 50.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

NASDAQ SHY opened at $82.64 on Thursday. The company has a 50-day moving average price of $82.87 and a two-hundred day moving average price of $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. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.223 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%.

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.