iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Hughes Financial Services LLC

Hughes Financial Services LLC lessened its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.4% in the 2nd quarter, Holdings Channel reports. The firm owned 151,800 shares of the company’s stock after selling 2,140 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 2.2% of Hughes Financial Services LLC’s portfolio, making the stock its 10th largest holding. Hughes Financial Services LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,551,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SHY. Kingstone Capital Partners Texas LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 593,415.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock valued at $3,728,910,000 after acquiring an additional 45,609,923 shares during the period. Assetmark Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 123.2% during the 2nd quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock worth $588,142,000 after buying an additional 3,917,307 shares in the last quarter. LPL Financial LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 6.5% in the 1st quarter. LPL Financial LLC now owns 6,855,478 shares of the company’s stock valued at $567,154,000 after buying an additional 417,922 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 74.0% during the second quarter. Bank of New York Mellon Corp now owns 6,430,879 shares of the company’s stock worth $532,863,000 after acquiring an additional 2,734,684 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.8% in the first quarter. Raymond James Financial Inc. now owns 5,068,597 shares of the company’s stock valued at $419,325,000 after purchasing an additional 323,185 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.83 on Monday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.67 and a 1 year high of $83.14. The stock has a market capitalization of $23.91 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day simple moving average of $82.92 and a 200-day simple moving average of $82.69.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a $0.2627 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.