Connecticut Wealth Management LLC Trims Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Connecticut Wealth Management LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 41.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,674 shares of the company’s stock after selling 4,794 shares during the period. Connecticut Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHY. National Bank of Canada FI lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the 4th quarter. National Bank of Canada FI now owns 72,218 shares of the company’s stock worth $5,908,000 after purchasing an additional 449 shares during the period. Ifrah Financial Services Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.2% during the 4th quarter. Ifrah Financial Services Inc. now owns 129,630 shares of the company’s stock worth $10,635,000 after purchasing an additional 2,832 shares during the period. ARS Wealth Advisors Group LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $469,000. Provence Wealth Management Group increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.6% during the 4th quarter. Provence Wealth Management Group now owns 9,533 shares of the company’s stock worth $782,000 after buying an additional 241 shares during the last quarter. Finally, Blue Fin Capital Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% during the 4th quarter. Blue Fin Capital Inc. now owns 24,009 shares of the company’s stock worth $1,970,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock remained flat at $81.30 on Monday. The stock had a trading volume of 1,038,945 shares, compared to its average volume of 4,528,905. The stock has a market cap of $24.54 billion, a PE ratio of 3,695.45 and a beta of 0.04. The stock’s fifty day moving average price is $81.46 and its 200 day moving average price is $81.58. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.55 and a 1-year high of $82.43.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.2616 per share. The ex-dividend date is Wednesday, May 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.86%.

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.