Koshinski Asset Management Inc. Trims Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Koshinski Asset Management Inc. reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,789 shares of the company’s stock after selling 442 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 66.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,509 shares of the company’s stock worth $371,000 after purchasing an additional 1,796 shares during the period. Insigneo Advisory Services LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $592,000. Wescott Financial Advisory Group LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 5.9% during the second quarter. Wescott Financial Advisory Group LLC now owns 27,500 shares of the company’s stock worth $2,245,000 after purchasing an additional 1,539 shares during the period. Kingfisher Capital LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 3.3% during the second quarter. Kingfisher Capital LLC now owns 6,954 shares of the company’s stock worth $568,000 after purchasing an additional 223 shares during the period. Finally, Daymark Wealth Partners LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 5.8% during the second quarter. Daymark Wealth Partners LLC now owns 5,461 shares of the company’s stock worth $446,000 after purchasing an additional 300 shares during the period. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.09 on Thursday. The company’s 50 day moving average price is $82.01 and its 200 day moving average price is $82.34. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%.

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.