Enclave Advisors LLC Decreases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Enclave Advisors LLC lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.3% during the fourth quarter, HoldingsChannel reports. The fund owned 54,045 shares of the company’s stock after selling 696 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 0.7% of Enclave Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Enclave Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHY. Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $37,000. Global Trust Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $68,000. Creative Financial Designs Inc. ADV lifted its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after buying an additional 167 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $76,000. Finally, Bristlecone Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $78,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $82.11 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The company has a market cap of $22.99 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company has a fifty day moving average price of $82.01 and a 200 day moving average price of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.10%.

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.