Stephens Inc. AR Has $65.45 Million Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Stephens Inc. AR trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 40.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 798,339 shares of the company’s stock after selling 539,320 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 0.9% of Stephens Inc. AR’s holdings, making the stock its 16th biggest position. Stephens Inc. AR’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $65,448,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Robinson Value Management Ltd. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.5% during the fourth quarter. Robinson Value Management Ltd. now owns 18,049 shares of the company’s stock worth $1,480,000 after buying an additional 262 shares during the last quarter. Counterweight Ventures LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.5% during the fourth quarter. Counterweight Ventures LLC now owns 25,970 shares of the company’s stock worth $2,129,000 after buying an additional 382 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 159.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 181,596 shares of the company’s stock worth $14,887,000 after buying an additional 111,595 shares during the last quarter. Almanack Investment Partners LLC. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1,342.5% during the fourth quarter. Almanack Investment Partners LLC. now owns 130,069 shares of the company’s stock worth $10,663,000 after buying an additional 121,052 shares during the last quarter. Finally, BayBridge Capital Group LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 2.8% during the fourth quarter. BayBridge Capital Group LLC now owns 80,080 shares of the company’s stock worth $6,565,000 after buying an additional 2,191 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

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

SHY opened at $81.97 on Friday. The company’s fifty day moving average price is $82.02 and its two-hundred day moving average price is $82.36. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous 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.