Northeast Financial Group Inc. Decreases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Northeast Financial Group Inc. cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 79.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,504 shares of the company’s stock after selling 17,560 shares during the quarter. Northeast Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $375,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SHY. Cerity Partners OCIO LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $129,075,000. Mizuho Markets Americas LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $44,917,000. SG Americas Securities LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 1,533.3% in the 2nd quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock worth $42,633,000 after acquiring an additional 490,171 shares during the last quarter. LPL Financial LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after acquiring an additional 422,978 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 8.7% in the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after acquiring an additional 379,718 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.02 on Friday. The firm has a market cap of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The business has a 50-day moving average of $82.61 and a 200 day moving average of $82.13. 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.