Bright Financial Advisors Inc. Trims Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bright Financial Advisors Inc. reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,075 shares of the company’s stock after selling 707 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 0.5% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Bright Financial Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SHY. Millennium Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 24.8% during the second quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock worth $5,182,000 after purchasing an additional 12,625 shares during the last quarter. Brookstone Capital Management lifted its stake in iShares 1-3 Year Treasury Bond ETF by 9.7% during the third quarter. Brookstone Capital Management now owns 142,909 shares of the company’s stock worth $11,883,000 after purchasing an additional 12,609 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 3.9% during the third quarter. Daymark Wealth Partners LLC now owns 5,672 shares of the company’s stock worth $472,000 after purchasing an additional 211 shares during the last quarter. CWM LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 17.4% during the third quarter. CWM LLC now owns 116,924 shares of the company’s stock worth $9,722,000 after purchasing an additional 17,349 shares during the last quarter. Finally, Patten Group Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 5.2% during the third quarter. Patten Group Inc. now owns 18,040 shares of the company’s stock worth $1,500,000 after purchasing an additional 896 shares during 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 Price Performance

Shares of SHY opened at $82.06 on Friday. The business’s fifty day moving average price is $82.03 and its 200 day moving average price is $82.36. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The stock has a market capitalization of $23.12 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2735 per share. The ex-dividend date was Monday, February 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.