KFA Private Wealth Group LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

KFA Private Wealth Group LLC trimmed its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.8% in the 4th quarter, HoldingsChannel reports. The firm owned 39,376 shares of the company’s stock after selling 10,359 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 1.4% of KFA Private Wealth Group LLC’s portfolio, making the stock its 19th biggest position. KFA Private Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHY. Logan Capital Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $37,000. AlphaMark Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $63,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $68,000. Creative Financial Designs Inc. ADV increased its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $76,000. 23.15% 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 $82.26 on Tuesday. The firm has a market cap of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. 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 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $82.35.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.09%.

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.