Whitegate Investment Counselors Inc. Cuts Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Whitegate Investment Counselors Inc. lowered its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,839 shares of the company’s stock after selling 975 shares during the quarter. Whitegate Investment Counselors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,546,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Fortitude Family Office LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $45,000. Cedar Mountain Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $55,000. Financial Gravity Asset Management Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 771.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after buying an additional 625 shares during the period. Halpern Financial Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $62,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in iShares 1-3 Year Treasury Bond ETF by 28.8% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 773 shares of the company’s stock worth $63,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock traded up $0.13 during mid-day trading on Friday, reaching $81.30. 4,960,204 shares of the stock traded hands, compared to its average volume of 4,570,730. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.60. The stock has a market capitalization of $24.54 billion, a PE ratio of 3,695.45 and a beta of 0.04. The business has a 50-day moving average price of $81.46 and a two-hundred day moving average price of $81.57.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.2616 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $3.14 annualized dividend and a yield of 3.86%.

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.