Advisor Resource Council Decreases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Advisor Resource Council decreased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 94.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,102 shares of the company’s stock after selling 54,706 shares during the quarter. Advisor Resource Council’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DMC Group LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 17.8% in the 1st quarter. DMC Group LLC now owns 5,971 shares of the company’s stock valued at $488,000 after acquiring an additional 903 shares in the last quarter. Hudson Capital Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 84.9% in the first quarter. Hudson Capital Management LLC now owns 6,506 shares of the company’s stock worth $532,000 after purchasing an additional 2,988 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the first quarter. Westside Investment Management Inc. now owns 30,308 shares of the company’s stock valued at $2,479,000 after purchasing an additional 419 shares in the last quarter. Arvest Investments Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.0% during the first quarter. Arvest Investments Inc. now owns 93,400 shares of the company’s stock valued at $7,638,000 after buying an additional 3,560 shares during the last quarter. Finally, MV Capital Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $1,583,000. 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 $81.50 on Friday. The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The business has a 50-day simple moving average of $81.40 and a two-hundred day simple moving average of $81.62. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.55 and a fifty-two week high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.2704 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.24 annualized dividend and a dividend yield of 3.98%.

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.