iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,863 shares of the company’s stock after selling 4,236 shares during the period. Regal Investment Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $30,000. Van ECK Associates Corp grew its position in iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after acquiring an additional 187 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. Roxbury Financial LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $36,000. Finally, Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $37,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.61 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The company has a market cap of $23.39 billion, a P/E ratio of 3,758.18 and a beta of 0.01. The firm has a fifty day moving average price of $82.41 and a 200 day moving average price of $82.25.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.2798 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.