Sugar Maple Asset Management LLC Sells 9,379 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sugar Maple Asset Management LLC cut its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,637 shares of the company’s stock after selling 9,379 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 4.4% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 7th biggest holding. Sugar Maple Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,596,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock valued at $675,862,000 after purchasing an additional 8,173,293 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $389,029,000. JPMorgan Chase & Co. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 47.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,544,623 shares of the company’s stock valued at $946,428,000 after buying an additional 3,731,847 shares in the last quarter. Essential Planning LLC. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 4,992.9% during the 4th quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after buying an additional 2,405,880 shares during the last quarter. Finally, Assetmark Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 94.0% during the fourth quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock worth $334,149,000 after buying an additional 1,975,432 shares in the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

NASDAQ SHY opened at $82.44 on Thursday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.26 and a fifty-two week high of $83.30. The business has a fifty day moving average of $82.58 and a 200-day moving average of $82.30. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, June 2nd will be given a dividend of $0.2718 per share. This represents a $3.26 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.