MML Investors Services LLC Sells 137,044 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

MML Investors Services LLC lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 757,351 shares of the company’s stock after selling 137,044 shares during the period. MML Investors Services LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $62,724,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock valued at $10,916,000 after purchasing an additional 916 shares during the last quarter. Squarepoint Ops LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 103.3% in the 2nd quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock valued at $1,260,000 after purchasing an additional 7,731 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $70,000. NCM Capital Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 6.7% in the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock valued at $793,000 after purchasing an additional 603 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock valued at $2,712,000 after purchasing an additional 919 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.11 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.86 and a 52-week high of $83.20. The company has a market capitalization of $25.14 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company has a 50-day simple moving average of $82.26 and a 200 day simple moving average of $82.60.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.2429 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 3.5%.

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.