Kingsview Wealth Management LLC Cuts Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kingsview Wealth Management LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 47.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,001 shares of the company’s stock after selling 62,810 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WestEnd Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $30,000. Financial Connections Group Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $31,000. Rational Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $67,000. Global Trust Asset Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Finally, Creative Financial Designs Inc. ADV increased 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 acquiring an additional 167 shares during the period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.01 on Friday. The stock 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 has a 1-year low of $80.91 and a 1-year high of $83.30. The business has a fifty day moving average price of $82.51 and a 200-day moving average price of $82.17.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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