Sequent Planning LLC Trims Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sequent Planning LLC lessened its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,983 shares of the company’s stock after selling 5,613 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.8% of Sequent Planning LLC’s portfolio, making the stock its 14th largest holding. Sequent Planning LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $30,000. Van ECK Associates Corp increased its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after purchasing an additional 187 shares during the last quarter. Millstone Evans Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $32,000. Roxbury Financial LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $36,000. Finally, Logan Capital Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.58 on Monday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The company has a 50 day moving average price of $82.23 and a 200 day moving average price of $82.31. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date was Monday, March 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.