Independence Financial Advisors LLC Sells 4,510 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Independence Financial Advisors LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 89,911 shares of the company’s stock after selling 4,510 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 2.9% of Independence Financial Advisors LLC’s portfolio, making the stock its 15th largest position. Independence Financial Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHY. Foundations Investment Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 91.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 331,122 shares of the company’s stock valued at $27,437,000 after buying an additional 158,306 shares in the last quarter. Family Firm Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.2% in the second quarter. Family Firm Inc. now owns 31,169 shares of the company’s stock valued at $2,482,000 after acquiring an additional 1,818 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in iShares 1-3 Year Treasury Bond ETF by 2.0% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,728 shares of the company’s stock valued at $3,195,000 after acquiring an additional 750 shares in the last quarter. Nixon Peabody Trust Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.2% during the 2nd quarter. Nixon Peabody Trust Co. now owns 249,579 shares of the company’s stock worth $20,680,000 after acquiring an additional 18,923 shares during the period. Finally, Evolution Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $271,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.83 on Friday. The firm has a fifty day moving average price of $82.92 and a two-hundred day moving average price of $82.70. The company has a market cap of $23.91 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.2627 per share. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a dividend yield of 3.8%.

About iShares 1-3 Year Treasury Bond ETF

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.