Crestwood Advisors Group LLC Cuts Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Crestwood Advisors Group LLC decreased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,625 shares of the company’s stock after selling 309 shares during the quarter. Crestwood Advisors Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SHY. WestEnd Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $30,000. Financial Connections Group Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $31,000. Rational Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $67,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.09 on Wednesday. The firm has a market capitalization of $22.17 billion, a PE ratio of 3,695.45 and a beta of 0.01. The stock’s fifty day moving average is $82.74 and its 200 day moving average is $82.10. 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.2831 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.