Ironwood Investment Counsel LLC Trims Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ironwood Investment Counsel LLC reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,573 shares of the company’s stock after selling 2,139 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SHY. Captrust Financial Advisors increased 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 acquiring an additional 3,563,486 shares during the period. Cerity Partners OCIO LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $129,075,000. LPL Financial LLC increased 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. The Manufacturers Life Insurance Company raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% during the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after purchasing an additional 546,239 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $44,917,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.32 on Friday. The company has a market cap of $22.23 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm has a fifty day moving average of $82.42 and a two-hundred day moving average of $82.20. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

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 $0.2831 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.13%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF Company 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.