Bleakley Financial Group LLC Decreases Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Bleakley Financial Group LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 883,398 shares of the company’s stock after selling 9,291 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 1.1% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 18th biggest holding. Bleakley Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $72,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SHY. MCF Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after buying an additional 249 shares during the period. Holos Integrated Wealth LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $33,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $81.80 on Tuesday. The business’s 50-day simple moving average is $82.06 and its 200 day simple moving average is $82.48. The company has a market cap of $25.70 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.79 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 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.