Mattern Wealth Management LLC Reduces Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mattern Wealth Management LLC lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 33.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,116 shares of the company’s stock after selling 4,000 shares during the period. Mattern Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SPC Financial Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after acquiring an additional 140 shares during the period. Center For Asset Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% in the 4th quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock valued at $216,000 after purchasing an additional 145 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after buying an additional 147 shares in the last quarter. Acorn Wealth Advisors LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock valued at $1,728,000 after buying an additional 152 shares during the period. Finally, Rehmann Capital Advisory Group grew its position in iShares 1-3 Year Treasury Bond ETF by 0.6% during the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after buying an additional 152 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.26 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The company has a market cap of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm has a 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $82.35.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.