MML Investors Services LLC Has $62.72 Million Position in iShares 1-3 Year Treasury Bond ETF $SHY

MML Investors Services LLC reduced its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 757,351 shares of the company’s stock after selling 137,044 shares during the quarter. MML Investors Services LLC owned about 0.26% of iShares 1-3 Year Treasury Bond ETF worth $62,724,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TruWealth Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.5% in the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after purchasing an additional 121 shares during the last quarter. Bryn Mawr Trust Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after purchasing an additional 126 shares during the last quarter. Savant Capital LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock valued at $737,000 after purchasing an additional 126 shares during the last quarter. Clientfirst Wealth Management LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the third quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock valued at $970,000 after purchasing an additional 133 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,699 shares of the company’s stock valued at $1,219,000 after purchasing an additional 134 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.11 on Tuesday. The company has a market cap of $25.14 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock’s 50-day moving average is $82.26 and its 200-day moving average is $82.60. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.86 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.2429 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st.

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.