Traphagen Investment Advisors LLC Trims Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Traphagen Investment Advisors LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,664 shares of the company’s stock after selling 30,891 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 1.5% of Traphagen Investment Advisors LLC’s portfolio, making the stock its 13th largest position. Traphagen Investment Advisors LLC owned approximately 0.06% of iShares 1-3 Year Treasury Bond ETF worth $14,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. School Employees Retirement Board of Ohio acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $10,123,000. Eagle Asset Management Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 17.0% in the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,938 shares during the period. Alternative Investment Advisors LLC. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $350,000. Park Avenue Securities LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 30.4% in the third quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after purchasing an additional 20,384 shares during the period. Finally, Bridge Advisory LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 19.2% in the third quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock valued at $914,000 after purchasing an additional 1,774 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $82.11 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The firm’s fifty day moving average is $82.01 and its two-hundred day moving average is $82.34. The firm has a market cap of $22.99 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.