Cibc World Market Inc. Decreases Position in iShares 1-3 Year Treasury Bond ETF $SHY

Cibc World Market Inc. cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 19.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,124 shares of the company’s stock after selling 7,381 shares during the period. Cibc World Market Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. TruWealth Advisors LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.5% in the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock worth $234,000 after acquiring an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after acquiring an additional 126 shares during the period. Savant Capital LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after acquiring an additional 126 shares during the period. Onyx Bridge Wealth Group LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock worth $437,000 after acquiring an additional 128 shares during the period. Finally, Clientfirst Wealth Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the third quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock worth $970,000 after acquiring an additional 133 shares during the period. 23.15% of the stock is currently owned by institutional investors.

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

Shares of NASDAQ SHY opened at $81.90 on Tuesday. The firm has a 50 day moving average of $82.30 and a 200 day moving average of $82.64. The firm has a market capitalization of $25.08 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 12-month low of $81.86 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.