Element Pointe Advisors LLC Has $26.96 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Element Pointe Advisors LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 326,561 shares of the company’s stock after selling 9,205 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 5.1% of Element Pointe Advisors LLC’s holdings, making the stock its 4th largest holding. Element Pointe Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $26,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bryn Mawr Trust Advisors LLC increased its holdings in 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 boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after buying an additional 126 shares during the last quarter. Tower View Wealth Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 11.4% during the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock worth $106,000 after buying an additional 132 shares during the last quarter. Cahaba Wealth Management Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% during the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after buying an additional 133 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 11,275 shares of the company’s stock worth $934,000 after buying an additional 138 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $81.96 on Tuesday. The stock has a market cap of $25.60 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average of $82.03 and a 200-day moving average of $82.45. 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 disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.