Avior Wealth Management LLC Has $2.05 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Avior Wealth Management LLC trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 25,009 shares of the company’s stock after selling 541 shares during the quarter. Avior Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in SHY. Insigneo Advisory Services LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $592,000. Daymark Wealth Partners LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% during the second quarter. Daymark Wealth Partners LLC now owns 5,461 shares of the company’s stock valued at $446,000 after buying an additional 300 shares during the last quarter. Millennium Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 24.8% in the second quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock valued at $5,182,000 after buying an additional 12,625 shares during the period. Smith Thornton Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $804,000. Finally, Raab & Moskowitz Asset Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 4.0% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 6,760 shares of the company’s stock valued at $552,000 after acquiring an additional 260 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.09 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The company has a market capitalization of $22.99 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock has a 50 day moving average of $82.02 and a two-hundred day moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.