J.W. Cole Advisors Inc. Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

J.W. Cole Advisors Inc. decreased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,166 shares of the company’s stock after selling 342 shares during the period. J.W. Cole Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornell University bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $35,212,000. The Manufacturers Life Insurance Company increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock worth $155,560,000 after purchasing an additional 1,849,118 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $119,012,000. Cerity Partners LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 43.6% in the 4th quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock worth $201,006,000 after purchasing an additional 744,074 shares during the last quarter. Finally, Members Trust Co increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 96.2% in the 1st quarter. Members Trust Co now owns 1,493,298 shares of the company’s stock worth $122,122,000 after purchasing an additional 732,321 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 Up 0.2 %

Shares of SHY traded up $0.15 during midday trading on Friday, hitting $81.65. The company had a trading volume of 2,171,558 shares, compared to its average volume of 3,966,341. The company’s 50 day moving average price is $81.41 and its 200 day moving average price is $81.62. The stock has a market cap of $24.02 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.55 and a 52 week high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be issued a $0.2704 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Monday, July 1st.

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.