Essential Planning LLC. lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,504 shares of the company’s stock after selling 6,842 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.6% of Essential Planning LLC.’s holdings, making the stock its 27th largest holding. Essential Planning LLC.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,152,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of SHY. Obermeyer Wealth Partners purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $667,000. Fifth Third Securities Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $6,305,000. Sowell Financial Services LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $733,000. Quadrant Capital Group LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $1,570,000. Finally, Range Financial Group LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 6.4% in the third quarter. Range Financial Group LLC now owns 5,097 shares of the company’s stock worth $414,000 after buying an additional 307 shares during the last quarter. 23.15% of the stock is owned by institutional investors.
iShares 1-3 Year Treasury Bond ETF Stock Performance
NASDAQ:SHY opened at $81.29 on Thursday. The stock has a 50-day simple moving average of $81.49 and a two-hundred day simple moving average of $81.89. The firm has a market capitalization of $27.12 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2410 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.
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.
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