Peak Asset Management LLC Sells 6,208 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Peak Asset Management LLC cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 27.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,640 shares of the company’s stock after selling 6,208 shares during the quarter. Peak Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,384,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. WestEnd Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $30,000. Financial Connections Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $31,000. Rational Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $67,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.05 on Thursday. The company has a 50-day simple moving average of $82.66 and a 200 day simple moving average of $82.13. The company has a market capitalization of $22.16 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2831 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 annualized dividend and a yield of 4.14%. The ex-dividend date was Friday, November 1st.

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.