Phillips Financial Management LLC Trims Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Phillips Financial Management LLC lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 77.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,364 shares of the company’s stock after selling 18,805 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 20.9% in the second quarter. D.A. Davidson & CO. now owns 84,026 shares of the company’s stock valued at $6,962,000 after buying an additional 14,497 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 39.6% in the second quarter. Cullen Frost Bankers Inc. now owns 19,023 shares of the company’s stock valued at $1,576,000 after buying an additional 5,398 shares in the last quarter. Divergent Planning LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $11,754,000. Journey Advisory Group LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 39.9% during the 2nd quarter. Journey Advisory Group LLC now owns 21,053 shares of the company’s stock worth $1,744,000 after purchasing an additional 6,000 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 11.2% during the 2nd quarter. Salomon & Ludwin LLC now owns 134,880 shares of the company’s stock worth $11,133,000 after purchasing an additional 13,622 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $83.12 on Wednesday. The stock’s 50-day moving average is $82.89 and its two-hundred day moving average is $82.67. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.13. The company has a market cap of $24.29 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 business also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.2563 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a 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.