Financial Management Professionals Inc. Lowers Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Financial Management Professionals Inc. reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,294 shares of the company’s stock after selling 594 shares during the period. Financial Management Professionals Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,267,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock worth $3,728,910,000 after purchasing an additional 45,609,923 shares in the last quarter. LPL Financial LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.5% in the 1st quarter. LPL Financial LLC now owns 6,855,478 shares of the company’s stock worth $567,154,000 after purchasing an additional 417,922 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.8% in the 1st quarter. Raymond James Financial Inc. now owns 5,068,597 shares of the company’s stock worth $419,325,000 after purchasing an additional 323,185 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 13.8% in the 1st quarter. Ameriprise Financial Inc. now owns 4,043,180 shares of the company’s stock worth $334,519,000 after purchasing an additional 490,469 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 10.5% in the 1st quarter. Truist Financial Corp now owns 3,032,043 shares of the company’s stock worth $250,841,000 after purchasing an additional 288,507 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

NASDAQ SHY opened at $82.95 on Wednesday. The stock’s 50 day moving average is $82.75 and its 200 day moving average is $82.61. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.30. The stock has a market cap of $23.46 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.2584 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 2nd.

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.