iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Napa Wealth Management

Napa Wealth Management reduced its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 31.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,107 shares of the company’s stock after selling 4,655 shares during the period. Napa Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Guidance Capital Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 11.8% in the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock valued at $280,000 after acquiring an additional 359 shares during the last quarter. Gradient Investments LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% in the second quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after purchasing an additional 895 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 13.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock valued at $4,490,000 after purchasing an additional 6,493 shares during the last quarter. School Employees Retirement Board of Ohio purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $10,123,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth $1,459,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.02 on Monday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a fifty day simple moving average of $82.61 and a two-hundred day simple moving average of $82.15. The company has a market capitalization of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2831 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Friday, November 1st.

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.