Ritholtz Wealth Management Has $7.98 Million Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ritholtz Wealth Management reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 97,210 shares of the company’s stock after selling 12,591 shares during the quarter. Ritholtz Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,975,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock worth $49,730,000 after acquiring an additional 7,431 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.0% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 7,252 shares of the company’s stock valued at $587,000 after buying an additional 597 shares during the period. Spence Asset Management grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 6.7% in the 3rd quarter. Spence Asset Management now owns 4,271 shares of the company’s stock valued at $346,000 after buying an additional 268 shares during the period. Sarasin & Partners LLP acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $1,151,000. Finally, TBH Global Asset Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% in the 3rd quarter. TBH Global Asset Management LLC now owns 10,825 shares of the company’s stock valued at $877,000 after buying an additional 738 shares during the period. 18.38% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.78 on Friday. The stock has a 50-day moving average of $81.79 and a 200-day moving average of $81.50. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.61.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were paid a $0.2405 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.89 annualized dividend and a dividend yield of 3.53%.

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.