Mount Lucas Management LP Sells 15,631 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mount Lucas Management LP trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,136 shares of the company’s stock after selling 15,631 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 0.9% of Mount Lucas Management LP’s investment portfolio, making the stock its 23rd largest position. Mount Lucas Management LP’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,672,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SHY. Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock worth $225,000 after acquiring an additional 131 shares in the last quarter. Patton Fund Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% in the 2nd quarter. Patton Fund Management Inc. now owns 7,767 shares of the company’s stock worth $634,000 after purchasing an additional 140 shares in the last quarter. SPC Financial Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the 3rd quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock worth $522,000 after buying an additional 140 shares during the last quarter. Secure Asset Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 2.0% during the 2nd quarter. Secure Asset Management LLC now owns 7,528 shares of the company’s stock valued at $615,000 after buying an additional 148 shares in the last quarter. Finally, Aveo Capital Partners LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.0% in the second quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock valued at $1,229,000 after buying an additional 148 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.02 on Friday. 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 market capitalization of $22.15 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The stock’s 50-day simple moving average is $82.61 and its 200-day simple moving average is $82.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.