Envestnet Portfolio Solutions Inc. Sells 22,355 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Envestnet Portfolio Solutions Inc. decreased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,266 shares of the company’s stock after selling 22,355 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHY. DMC Group LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% in the first quarter. DMC Group LLC now owns 7,417 shares of the company’s stock valued at $614,000 after purchasing an additional 122 shares during the period. CNB Bank increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.6% during the first quarter. CNB Bank now owns 2,018 shares of the company’s stock worth $167,000 after purchasing an additional 125 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the first quarter. Apollon Wealth Management LLC now owns 21,474 shares of the company’s stock worth $1,777,000 after purchasing an additional 125 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 125 shares during the period. Finally, Robinson Value Management Ltd. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 1st quarter. Robinson Value Management Ltd. now owns 18,177 shares of the company’s stock valued at $1,504,000 after acquiring an additional 128 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $83.03 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.12. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The firm’s fifty day moving average is $82.84 and its two-hundred day moving average is $82.65.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.2563 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, October 1st.

iShares 1-3 Year Treasury Bond ETF Profile

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.