Mattern Wealth Management LLC Sells 4,000 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mattern Wealth Management LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,116 shares of the company’s stock after selling 4,000 shares during the quarter. Mattern Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHY. Captrust Financial Advisors lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after acquiring an additional 3,563,486 shares during the last quarter. LPL Financial LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 21.8% during the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after purchasing an additional 1,193,337 shares during the last quarter. Barclays PLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% in 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock valued at $70,676,000 after purchasing an additional 546,239 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $44,917,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.26 on Tuesday. 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. The firm has a 50 day moving average price of $82.02 and a 200-day moving average price of $82.35. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Wednesday, December 18th.

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.