Future Financial Wealth Managment LLC Trims Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Future Financial Wealth Managment LLC lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 74.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 438 shares of the company’s stock after selling 1,300 shares during the period. Future Financial Wealth Managment LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $36,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake in shares of 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 buying an additional 45,609,923 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 6.5% in the first quarter. LPL Financial LLC now owns 6,855,478 shares of the company’s stock worth $567,154,000 after acquiring an additional 417,922 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 6.8% in the first quarter. Raymond James Financial Inc. now owns 5,068,597 shares of the company’s stock worth $419,325,000 after acquiring an additional 323,185 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 13.8% in the first quarter. Ameriprise Financial Inc. now owns 4,043,180 shares of the company’s stock worth $334,519,000 after acquiring an additional 490,469 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.5% in the first quarter. Truist Financial Corp now owns 3,032,043 shares of the company’s stock worth $250,841,000 after acquiring an additional 288,507 shares during the last quarter. 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 stock opened at $82.79 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.12. The company’s 50-day moving average is $82.80 and its 200 day moving average is $82.63. The company has a market capitalization of $23.97 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.2563 per share. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.