Bfsg LLC Reduces Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bfsg LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,222 shares of the company’s stock after selling 185 shares during the quarter. Bfsg LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHY. Fulcrum Equity Management purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $472,000. Hsbc Holdings PLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the 3rd quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock valued at $49,730,000 after buying an additional 7,431 shares during the period. Spreng Capital Management Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the 4th quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock valued at $2,388,000 after buying an additional 1,461 shares during the period. Element Wealth LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 25.7% during the fourth quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock worth $1,800,000 after purchasing an additional 4,488 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $1,151,000. 23.62% of the stock is owned by institutional investors and hedge funds.

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

SHY traded down $0.03 during trading on Wednesday, hitting $81.25. 4,299,756 shares of the stock were exchanged, compared to its average volume of 4,561,555. The firm has a market capitalization of $24.60 billion, a P/E ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.55 and a 1-year high of $82.60. The stock has a fifty day moving average price of $81.54 and a two-hundred day moving average price of $81.56.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.2705 per share. This represents a $3.25 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Monday, April 1st.

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.