Mattern Capital Management LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Mattern Capital Management LLC reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 89.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,960 shares of the company’s stock after selling 26,022 shares during the quarter. Mattern Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHY. Captrust Financial Advisors boosted its stake in iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after acquiring an additional 6,281,496 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares in the last quarter. Pinebridge Investments Asia Ltd. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $270,573,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after purchasing an additional 1,887,420 shares during the last quarter. Finally, Mizuho Markets Cayman LP purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $121,919,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NASDAQ SHY opened at $81.93 on Wednesday. The stock has a market cap of $25.74 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.79 and a 52-week high of $83.20. The business has a 50-day moving average price of $82.05 and a 200 day moving average price of $82.47.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.