PFG Advisors Sells 389 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PFG Advisors cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,050 shares of the company’s stock after selling 389 shares during the period. PFG Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Center For Asset Management LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% in the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after purchasing an additional 145 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after purchasing an additional 147 shares during the last quarter. Acorn Wealth Advisors LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in iShares 1-3 Year Treasury Bond ETF by 0.6% in the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock worth $2,199,000 after acquiring an additional 152 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.6% in the third quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock worth $818,000 after acquiring an additional 153 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.42 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The company has a 50-day moving average of $82.17 and a 200 day moving average of $82.33. The firm has a market cap of $23.23 billion, a PE ratio of 3,755.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.