Wick Capital Partners LLC Cuts Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Wick Capital Partners LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 87.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,962 shares of the company’s stock after selling 27,996 shares during the period. Wick Capital Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares in the last quarter. Pinebridge Investments Asia Ltd. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $270,573,000. The Manufacturers Life Insurance Company raised its stake in iShares 1-3 Year Treasury Bond ETF by 534.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after purchasing an additional 1,887,420 shares during the last quarter. Finally, Mizuho Markets Cayman LP purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $121,919,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $81.99 on Friday. The business has a fifty day simple moving average of $82.23 and a 200-day simple moving average of $82.58. The company has a market cap of $25.11 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. 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 declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.2429 per share. This is a positive change 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. This represents a c) annualized dividend and a yield of 3.6%.

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.