Concurrent Investment Advisors LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Concurrent Investment Advisors LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,747 shares of the company’s stock after selling 1,200 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,307,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. WestEnd Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $30,000. Financial Connections Group Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $31,000. Rational Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $67,000. Global Trust Asset Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.13 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The business’s fifty day moving average price is $82.72 and its 200 day moving average price is $82.10. The firm has a market capitalization of $22.18 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2831 per share. The ex-dividend date was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF Company Profile

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.