Lido Advisors LLC Reduces Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Lido Advisors LLC lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 858,582 shares of the company’s stock after selling 235,028 shares during the quarter. Lido Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $71,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SHY. Harbor Investment Advisory LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 16.7% in the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock valued at $3,740,000 after acquiring an additional 6,436 shares in the last quarter. First Horizon Corp acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $2,116,000. Cadence Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $5,524,000. Childress Capital Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $896,000. Finally, JARISLOWSKY FRASER Ltd lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 66.9% in the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock valued at $3,445,000 after purchasing an additional 16,647 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $82.55 on Monday. The stock’s 50 day moving average price is $82.86 and its 200 day moving average price is $82.88. The company has a market capitalization of $24.13 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $82.21 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced 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) dividend on an annualized basis and a dividend yield of 3.2%.

iShares 1-3 Year Treasury Bond ETF Company 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.