KFA Private Wealth Group LLC Reduces Stake in iShares 1-3 Year Treasury Bond ETF $SHY

KFA Private Wealth Group LLC trimmed its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,782 shares of the company’s stock after selling 18,860 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.8% of KFA Private Wealth Group LLC’s holdings, making the stock its 12th biggest holding. KFA Private Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,453,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after buying an additional 3,451,890 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the period. Assetmark Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the period. Captrust Financial Advisors raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after acquiring an additional 940,434 shares in the last quarter. Finally, CX Institutional raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 118.8% in the 2nd quarter. CX Institutional now owns 894,736 shares of the company’s stock worth $73,467,000 after acquiring an additional 485,882 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

Shares of NASDAQ SHY traded up $0.03 during mid-day trading on Wednesday, reaching $81.16. 4,083,448 shares of the company were exchanged, compared to its average volume of 4,285,900. The stock has a market cap of $26.34 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.95 and a 1 year high of $83.20. The firm has a 50-day moving average of $81.62 and a 200 day moving average of $81.97.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.2410 dividend. This represents a $2.89 annualized dividend and a yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st.

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.