HighTower Advisors LLC Cuts Position in iShares 1-3 Year Treasury Bond ETF $SHY

HighTower Advisors LLC lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 907,994 shares of the company’s stock after selling 161,371 shares during the period. HighTower Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $75,328,000 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 the stock. Harbor Investment Advisory LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.7% in the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock valued at $3,740,000 after buying an additional 6,436 shares during the period. First Horizon Corp bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $2,116,000. Cadence Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $5,524,000. Childress Capital Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $896,000. Finally, JARISLOWSKY FRASER Ltd grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 66.9% during the third quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock worth $3,445,000 after purchasing an additional 16,647 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2%

Shares of SHY opened at $83.06 on Tuesday. The stock’s 50-day moving average price is $82.85 and its two-hundred day moving average price is $82.87. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.03 and a 12 month high of $83.14. The company has a market capitalization of $24.28 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.25 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

iShares 1-3 Year Treasury Bond ETF Company 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.