Charles Schwab Investment Management Inc. Lowers Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Charles Schwab Investment Management Inc. lowered its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,861,980 shares of the company’s stock after selling 40,113 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.01% of iShares 1-3 Year Treasury Bond ETF worth $234,625,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SHY. Golden State Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $30,000. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after purchasing an additional 187 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $36,000. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $37,000. Finally, Creative Capital Management Investments LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

SHY stock opened at $82.39 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The company has a market cap of $23.22 billion, a P/E ratio of 3,755.45 and a beta of 0.01. The company’s 50-day moving average price is $82.11 and its 200 day moving average price is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.