Apexium Financial LP Cuts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Apexium Financial LP reduced its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,601 shares of the company’s stock after selling 1,378 shares during the quarter. Apexium Financial LP’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $705,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. School Employees Retirement Board of Ohio purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $10,123,000. Eagle Asset Management Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after buying an additional 1,938 shares in the last quarter. Alternative Investment Advisors LLC. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $350,000. Park Avenue Securities LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 30.4% in the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock worth $7,261,000 after acquiring an additional 20,384 shares in the last quarter. Finally, Bridge Advisory LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 19.2% during the third quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock worth $914,000 after acquiring an additional 1,774 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

SHY stock opened at $82.14 on Monday. The stock has a market capitalization of $23.02 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The firm has a 50-day simple moving average of $82.02 and a 200-day simple moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.