CIBC Private Wealth Group LLC Reduces Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

CIBC Private Wealth Group LLC reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,576 shares of the company’s stock after selling 9,198 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,392,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $30,000. Van ECK Associates Corp boosted its position 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 valued at $32,000 after acquiring an additional 187 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. Roxbury Financial LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $36,000. Finally, Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $37,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.3 %

NASDAQ SHY opened at $82.48 on Wednesday. The firm has a market capitalization of $23.24 billion, a PE ratio of 3,745.00 and a beta of 0.01. The stock’s 50 day moving average is $82.30 and its 200 day moving average is $82.29. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2798 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, April 1st.

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.