iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stock Holdings Decreased by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,583 shares of the company’s stock after selling 1,391 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $376,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SHY. Captrust Financial Advisors boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% during the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after purchasing an additional 1,193,337 shares during the period. Barclays PLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after purchasing an additional 1,123,670 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% during the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after purchasing an additional 546,239 shares during the period. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $44,917,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.62 on Friday. The stock has a market cap of $23.08 billion, a P/E ratio of 3,755.45 and a beta of 0.03. The firm has a 50 day simple moving average of $82.06 and a 200 day simple moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

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 paid a $0.2735 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.