Navis Wealth Advisors LLC Reduces Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Navis Wealth Advisors LLC reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,588 shares of the company’s stock after selling 242 shares during the quarter. Navis Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $212,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in iShares 1-3 Year Treasury Bond ETF by 72.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after buying an additional 3,563,486 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after purchasing an additional 1,193,337 shares during the period. Bank of Montreal Can grew its stake in iShares 1-3 Year Treasury Bond ETF by 0.8% in the third quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock worth $427,620,000 after purchasing an additional 41,969 shares in the last quarter. Barclays PLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 68.7% during the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after purchasing an additional 1,123,670 shares during the period. Finally, Stephens Inc. AR raised its position in iShares 1-3 Year Treasury Bond ETF by 0.6% during the 3rd quarter. Stephens Inc. AR now owns 1,337,659 shares of the company’s stock valued at $111,226,000 after purchasing an additional 8,531 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

Shares of NASDAQ:SHY opened at $82.14 on Friday. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The firm has a 50 day moving average of $82.02 and a 200 day moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

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 dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a 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.