Oppenheimer Asset Management Inc. Trims Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Oppenheimer Asset Management Inc. decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,702 shares of the company’s stock after selling 417 shares during the period. Oppenheimer Asset Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,484,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $30,000. Van ECK Associates Corp boosted its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during 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 last quarter. Roxbury Financial LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $36,000. Logan Capital Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $37,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $45,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2 %

Shares of NASDAQ:SHY opened at $82.62 on Friday. The company has a market cap of $23.08 billion, a P/E ratio of 3,755.45 and a beta of 0.03. The business has a fifty day simple moving average of $82.06 and a 200-day simple moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.