Mesirow Financial Investment Management Inc. Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mesirow Financial Investment Management Inc. lessened its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 245,727 shares of the company’s stock after selling 1,090 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $20,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the period. Roxbury Financial LLC purchased 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. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $37,000. Finally, Creative Capital Management Investments LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $45,000. Institutional investors and hedge funds 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 $82.39 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The firm has a market cap of $23.22 billion, a PE ratio of 3,755.45 and a beta of 0.01. The firm’s 50-day simple moving average is $82.11 and its 200-day simple moving average is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.2531 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.