MTC Wealth Management LLC Sells 1,270 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

MTC Wealth Management LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,533 shares of the company’s stock after selling 1,270 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 4.6% of MTC Wealth Management LLC’s holdings, making the stock its 8th largest holding. MTC Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHY. Asset Dedication LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.4% in the third quarter. Asset Dedication LLC now owns 2,162 shares of the company’s stock worth $180,000 after purchasing an additional 168 shares in the last quarter. SPC Financial Inc. increased its holdings 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. Good Life Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 179.5% in the third quarter. Good Life Advisors LLC now owns 19,456 shares of the company’s stock worth $1,618,000 after purchasing an additional 12,495 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 13.2% in the third quarter. Sax Wealth Advisors LLC now owns 5,974 shares of the company’s stock worth $497,000 after purchasing an additional 696 shares in the last quarter. Finally, Well Done LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 12.8% in the third quarter. Well Done LLC now owns 68,776 shares of the company’s stock worth $5,719,000 after purchasing an additional 7,812 shares in the last quarter. 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 $82.10 on Friday. The company has a market cap of $23.14 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock has a 50 day simple moving average of $82.01 and a two-hundred day simple moving average of $82.36. 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 Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2735 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

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.