Breakwater Capital Group Sells 1,339 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Breakwater Capital Group reduced its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,816 shares of the company’s stock after selling 1,339 shares during the period. Breakwater Capital Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Logan Capital Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $37,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $68,000. Creative Financial Designs Inc. ADV grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $76,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $78,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.87 on Wednesday. The company has a market capitalization of $22.74 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm’s fifty day moving average price is $82.01 and its two-hundred day moving average price is $82.32. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.11%.

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.