iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Reduced by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,910 shares of the company’s stock after selling 8,240 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% during the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after purchasing an additional 36,585 shares during the period. Simplicity Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $719,000. Pinnacle Financial Partners Inc lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 12.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after acquiring an additional 22,721 shares during the last quarter. Zhang Financial LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,859 shares during the last quarter. Finally, Purus Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 8.6% in the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after acquiring an additional 530 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0 %

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.75 on Friday. The stock has a market capitalization of $24.02 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30. The business’s 50 day simple moving average is $82.45 and its 200-day simple moving average is $82.25.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.2798 dividend. This represents a $3.36 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Tuesday, April 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.