Concurrent Investment Advisors LLC Has $1.74 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Concurrent Investment Advisors LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,207 shares of the company’s stock after selling 6,540 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $30,000. Van ECK Associates Corp increased its holdings in shares of 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 valued at $32,000 after acquiring an additional 187 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $36,000. Logan Capital Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $37,000. Finally, Creative Capital Management Investments LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $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 %

NASDAQ SHY opened at $82.24 on Friday. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The business has a 50 day moving average price of $82.00 and a 200-day moving average price of $82.35.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2735 per share. This is an increase 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.

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.