Sax Wealth Advisors LLC Sells 726 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sax Wealth Advisors LLC decreased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,248 shares of the company’s stock after selling 726 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $430,000 at the end of the most recent quarter.

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

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.08 on Friday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The stock’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 one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.10%.

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.