iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Reduced by Independent Wealth Network Inc.

Independent Wealth Network Inc. cut its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 38.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,476 shares of the company’s stock after selling 13,612 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 1.0% of Independent Wealth Network Inc.’s portfolio, making the stock its 18th largest position. Independent Wealth Network Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Shelton Capital Management acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $360,000. Biltmore Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the 2nd quarter. Biltmore Wealth Management LLC now owns 122,680 shares of the company’s stock valued at $9,947,000 after purchasing an additional 2,390 shares during the period. WealthShield Partners LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 31.6% in the first quarter. WealthShield Partners LLC now owns 11,023 shares of the company’s stock worth $906,000 after buying an additional 2,650 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $707,000. Finally, FWL Investment Management LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 65.0% in the fourth quarter. FWL Investment Management LLC now owns 15,898 shares of the company’s stock worth $1,290,000 after buying an additional 6,265 shares during the last quarter. 18.38% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

SHY stock traded down $0.03 during midday trading on Tuesday, hitting $80.86. 638,010 shares of the company traded hands, compared to its average volume of 5,273,117. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.48 and a twelve month high of $82.74. The business has a 50 day simple moving average of $81.02 and a 200-day simple moving average of $81.51.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.2058 per share. The ex-dividend date was Friday, September 1st. This represents a $2.47 annualized dividend and a yield of 3.05%.

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.