Flagstar Advisors Inc. Sells 1,246 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Flagstar Advisors Inc. decreased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,608 shares of the company’s stock after selling 1,246 shares during the period. Flagstar Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SHY. Guidance Capital Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after acquiring an additional 359 shares during the period. Gradient Investments LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% in the second quarter. Gradient Investments LLC now owns 963 shares of the company’s stock worth $79,000 after purchasing an additional 895 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 13.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock valued at $4,490,000 after purchasing an additional 6,493 shares during the period. School Employees Retirement Board of Ohio purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $10,123,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $1,459,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

iShares 1-3 Year Treasury Bond ETF stock opened at $82.01 on Friday. The firm has a 50 day simple moving average of $82.51 and a 200 day simple moving average of $82.17. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.2831 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

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.