Telemus Capital LLC reduced its stock position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) by 3.8% in the fourth quarter, according to its latest 13F filing with the Securities & Exchange Commission. The company held 82,465 shares of the company after selling 3,233 shares during the period. Telemus Capital LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,723,000 at the end of the last quarter.
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Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. Atlas Capital Advisors LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 24.4% during the 2nd quarter. Atlas Capital Advisors LLC now owns 9,143 shares of the company valued at $757,000 after purchasing an additional 1,793 shares during the period. Rockland Trust Co. increased its holding in iShares 1-3 Year Treasury Bond ETF by 3.9% during Q3. Rockland Trust Co. now owns 12,473 shares of the company valued at $1,013,000 after purchasing an additional 465 shares during the period. Cypress Capital Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during Q3 for a value of approximately $292,000. Ellis Investment Partners LLC increased its equity position in the iShares 1-3 Year Treasury Bond ETF by 5.2% during the third quarter. Ellis Investment Partners LLC now owns 4,858 shares of the company worth $394,000 after buying 238 additional shares last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during Q3 for a value of approximately $216,000. 22.85% of the shares are held by institutional investors and hedge funds.
iShares 1-3 Year Treasury Bond ETF Stock Performance
SHY stock opened at $82.27 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.48 and a 52-week high of $83.87. The company’s 50-day moving average is $81.39 and its two-hundred-day moving average is $81.33.
iShares 1-3 Year Treasury Bond ETF increases its dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, March 7. Investors of record on Thursday, March 2 received a dividend of $0.162. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.15. This represents a dividend of $1.94 on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Wednesday, March 1.
iShares 1-3 Year Treasury Bond ETF Profile
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The iShares 1-3 Year Treasury Bond (SHY) ETF is an exchange-traded fund based on the US 1-3 Year Treasury 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 July 22, 2002 and is managed by BlackRock.
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