GenTrust LLC Cuts Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

GenTrust LLC lowered its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,854 shares of the company’s stock after selling 947 shares during the period. GenTrust LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,546,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,938 shares during the period. Pinnacle Financial Partners Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after acquiring an additional 22,721 shares during the last quarter. Zhang Financial LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,859 shares during the last quarter. Purus Wealth Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% during the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after acquiring an additional 530 shares during the last quarter. Finally, Zacks Investment Management lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.8% during the 3rd quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock worth $29,862,000 after acquiring an additional 9,784 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.44 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The firm has a market capitalization of $23.23 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock has a 50 day moving average price of $82.03 and a 200 day moving average price of $82.34.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2735 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

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.