TFB Advisors LLC Sells 35,039 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

TFB Advisors LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 71.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,204 shares of the company’s stock after selling 35,039 shares during the quarter. TFB Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. WestEnd Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $30,000. Financial Connections Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $31,000. Rational Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $67,000. Global Trust Asset Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $68,000. Finally, Creative Financial Designs Inc. ADV grew 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 valued at $73,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.13 on Friday. The stock has a market capitalization of $22.18 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The stock has a 50 day moving average price of $82.72 and a 200 day moving average price of $82.10.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company 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 annualized dividend and a dividend yield of 4.14%.

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.