Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,234 shares of the company’s stock after selling 558 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 24.8% in the second quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock worth $5,182,000 after purchasing an additional 12,625 shares during the last quarter. Creative Planning boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% in the 2nd quarter. Creative Planning now owns 176,157 shares of the company’s stock valued at $14,383,000 after acquiring an additional 1,947 shares during the last quarter. Ted Buchan & Co acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $10,960,000. Cetera Investment Advisers raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 7.5% during the second quarter. Cetera Investment Advisers now owns 580,786 shares of the company’s stock worth $47,421,000 after purchasing an additional 40,358 shares during the last quarter. Finally, New Century Financial Group LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 13.9% during the second quarter. New Century Financial Group LLC now owns 10,060 shares of the company’s stock valued at $821,000 after purchasing an additional 1,226 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.28 on Wednesday. The business’s 50-day moving average is $82.02 and its two-hundred day moving average is $82.35. The company has a market capitalization of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.09%.

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.