King Wealth Management Group Decreases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

King Wealth Management Group lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,548 shares of the company’s stock after selling 487 shares during the quarter. King Wealth Management Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,709,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock worth $225,000 after buying an additional 131 shares in the last quarter. Patton Fund Management Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% during the second quarter. Patton Fund Management Inc. now owns 7,767 shares of the company’s stock worth $634,000 after purchasing an additional 140 shares during the last quarter. SPC Financial Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock worth $522,000 after purchasing an additional 140 shares in the last quarter. Secure Asset Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.0% during the second quarter. Secure Asset Management LLC now owns 7,528 shares of the company’s stock valued at $615,000 after buying an additional 148 shares in the last quarter. Finally, Aveo Capital Partners LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.0% during the 2nd quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock worth $1,229,000 after buying an additional 148 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 Down 0.1 %

Shares of SHY opened at $81.93 on Friday. The firm has a market cap of $22.13 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 52 week low of $80.91 and a 52 week high of $83.30. The stock has a 50 day moving average of $82.65 and a 200-day moving average of $82.13.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2831 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 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.