Retirement Income Solutions Inc Lowers Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Retirement Income Solutions Inc decreased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 54.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,438 shares of the company’s stock after selling 7,843 shares during the quarter. Retirement Income Solutions Inc’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHY. Stratos Wealth Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 114.2% in the third quarter. Stratos Wealth Advisors LLC now owns 41,395 shares of the company’s stock valued at $3,442,000 after purchasing an additional 22,073 shares during the period. DMC Group LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 15.5% in the third quarter. DMC Group LLC now owns 7,295 shares of the company’s stock valued at $607,000 after purchasing an additional 977 shares during the period. Pure Portfolios Holdings LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $3,537,000. Compass Ion Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% in the third quarter. Compass Ion Advisors LLC now owns 9,836 shares of the company’s stock valued at $818,000 after purchasing an additional 169 shares during the period. Finally, Midwest Heritage Bank FSB boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.9% in the third quarter. Midwest Heritage Bank FSB now owns 69,252 shares of the company’s stock valued at $5,758,000 after purchasing an additional 1,261 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

Shares of NASDAQ:SHY opened at $82.10 on Monday. The firm’s 50 day moving average price is $82.01 and its 200 day moving average price is $82.36. The stock has a market cap of $23.14 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 fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2735 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

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.