Foundations Investment Advisors LLC Trims Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Foundations Investment Advisors LLC cut its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 51.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,117 shares of the company’s stock after selling 191,183 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $14,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Logan Capital Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $37,000. AlphaMark Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $63,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $68,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $76,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1 %

iShares 1-3 Year Treasury Bond ETF stock opened at $82.26 on Monday. The firm has a 50-day moving average price of $82.02 and a 200-day moving average price of $82.35. The firm has a market capitalization of $23.06 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.09%.

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.