Kovitz Investment Group Partners LLC Sells 214,536 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Kovitz Investment Group Partners LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 46.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 246,663 shares of the company’s stock after selling 214,536 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $20,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Captrust Financial Advisors grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after purchasing an additional 4,206,546 shares in the last quarter. Pinebridge Investments Asia Ltd. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $270,573,000. The Manufacturers Life Insurance Company lifted its position in iShares 1-3 Year Treasury Bond ETF by 534.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after purchasing an additional 1,887,420 shares during the period. Finally, Mizuho Markets Cayman LP acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $121,919,000. 23.15% of the stock is currently owned by institutional investors.

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

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.86 and a 12-month high of $83.20. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day moving average price is $82.24 and its two-hundred day moving average price is $82.58.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

iShares 1-3 Year Treasury Bond ETF Profile

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.