Kovack Advisors Inc. Decreases Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kovack Advisors Inc. reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,743 shares of the company’s stock after selling 134 shares during the period. Kovack Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barrett & Company Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Barrett & Company Inc. now owns 9,375 shares of the company’s stock worth $769,000 after buying an additional 125 shares during the last quarter. Advanced Asset Management Advisors Inc raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.5% in the 4th quarter. Advanced Asset Management Advisors Inc now owns 8,627 shares of the company’s stock valued at $708,000 after purchasing an additional 128 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,043 shares of the company’s stock valued at $414,000 after purchasing an additional 133 shares during the last quarter. Straight Path Wealth Management raised its stake in iShares 1-3 Year Treasury Bond ETF by 4.8% in the 4th quarter. Straight Path Wealth Management now owns 3,295 shares of the company’s stock valued at $270,000 after purchasing an additional 150 shares during the last quarter. Finally, Seelaus Asset Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% in the 4th quarter. Seelaus Asset Management LLC now owns 6,757 shares of the company’s stock valued at $554,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

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

Shares of SHY stock opened at $81.21 on Friday. The firm has a 50-day moving average price of $81.51 and a 200 day moving average price of $81.56. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.2705 dividend. This represents a $3.25 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Monday, April 1st.

iShares 1-3 Year Treasury Bond ETF 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.