Eley Financial Management Inc Lowers Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Eley Financial Management Inc trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 38.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,688 shares of the company’s stock after selling 40,655 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 2.5% of Eley Financial Management Inc’s holdings, making the stock its 8th largest position. Eley Financial Management Inc’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHY. Fortitude Family Office LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $45,000. Impact Partnership Wealth LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 114.4% during the third quarter. Impact Partnership Wealth LLC now owns 641 shares of the company’s stock valued at $52,000 after purchasing an additional 342 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $55,000. Financial Gravity Asset Management Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after purchasing an additional 625 shares in the last quarter. Finally, Halpern Financial Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $62,000. 23.62% of the stock is owned by institutional investors.

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

Shares of NASDAQ:SHY traded up $0.03 during trading on Friday, reaching $81.22. The company’s stock had a trading volume of 1,369,550 shares, compared to its average volume of 4,516,990. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.55 and a 12 month high of $82.60. The firm’s 50 day simple moving average is $81.52 and its two-hundred day simple moving average is $81.56. The stock has a market capitalization of $24.58 billion, a PE ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.2705 dividend. This represents a $3.25 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Monday, April 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.