Envestnet Asset Management Inc. Reduces Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Envestnet Asset Management Inc. trimmed its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,680,628 shares of the company’s stock after selling 29,946 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $383,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $30,000. Van ECK Associates Corp grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares during the period. Millstone Evans Group LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $32,000. Roxbury Financial LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $36,000. Finally, Logan Capital Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $37,000. Institutional investors own 23.15% of the company’s stock.

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

iShares 1-3 Year Treasury Bond ETF stock opened at $82.68 on Friday. The business has a 50-day simple moving average of $82.33 and a two-hundred day simple moving average of $82.28. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a market cap of $22.99 billion, a P/E ratio of 3,758.18 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2798 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.36 dividend on an annualized basis and a yield of 4.06%.

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.