Foundations Investment Advisors LLC Sells 191,183 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Foundations Investment Advisors LLC lessened its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 180,117 shares of the company’s stock after selling 191,183 shares during the period. Foundations Investment Advisors LLC owned about 0.06% of iShares 1-3 Year Treasury Bond ETF worth $14,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SPC Financial Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 2.3% during the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after purchasing an additional 140 shares during the period. Center For Asset Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 5.8% during the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock valued at $216,000 after purchasing an additional 145 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 2.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock valued at $582,000 after purchasing an additional 147 shares during the period. Acorn Wealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock valued at $1,728,000 after purchasing an additional 152 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.6% during the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after purchasing an additional 152 shares during the period. Institutional investors own 23.15% of the company’s stock.

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

Shares of SHY stock opened at $82.26 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The stock has a market cap of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company has a 50 day simple moving average of $82.02 and a two-hundred day simple moving average of $82.35.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued 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 4.09%.

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.