JNBA Financial Advisors Sells 958 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

JNBA Financial Advisors cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 42.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,288 shares of the company’s stock after selling 958 shares during the quarter. JNBA Financial Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $30,000. Van ECK Associates Corp boosted its stake in 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 acquiring an additional 187 shares during the last quarter. Roxbury Financial LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $36,000. Logan Capital Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $37,000. Finally, AlphaMark Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $63,000. Institutional investors own 23.15% of the company’s stock.

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

Shares of NASDAQ SHY opened at $82.10 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company’s fifty day moving average is $82.01 and its 200-day moving average is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2735 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF 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.