Innova Wealth Partners Sells 16,652 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Innova Wealth Partners trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,056 shares of the company’s stock after selling 16,652 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 5.6% of Innova Wealth Partners’ portfolio, making the stock its largest position. Innova Wealth Partners owned about 0.05% of iShares 1-3 Year Treasury Bond ETF worth $14,296,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. RPOA Advisors Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $301,889,000. Bank of America Corp DE boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after acquiring an additional 3,451,890 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares in the last quarter. Edge Wealth Management LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 286.0% during the 3rd quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock valued at $123,284,000 after acquiring an additional 1,125,105 shares in the last quarter. Finally, Assetmark Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

NASDAQ SHY opened at $81.30 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20. The stock has a market cap of $27.12 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company’s 50-day simple moving average is $81.50 and its 200 day simple moving average is $81.90.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%.

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.