Sequoia Financial Advisors LLC Has $2.38 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sequoia Financial Advisors LLC trimmed its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,032 shares of the company’s stock after selling 5,780 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,380,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Harbour Investments Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 8.8% in the third quarter. Harbour Investments Inc. now owns 3,196 shares of the company’s stock valued at $266,000 after buying an additional 258 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 19,382 shares of the company’s stock valued at $1,612,000 after buying an additional 217 shares during the period. Aptus Capital Advisors LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 96.8% in the third quarter. Aptus Capital Advisors LLC now owns 3,221 shares of the company’s stock valued at $268,000 after buying an additional 1,584 shares during the period. Oak Harbor Wealth Partners LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 26.9% in the third quarter. Oak Harbor Wealth Partners LLC now owns 5,178 shares of the company’s stock valued at $431,000 after buying an additional 1,098 shares during the period. Finally, Birchcreek Wealth Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 25.5% in the third quarter. Birchcreek Wealth Management LLC now owns 167,182 shares of the company’s stock valued at $13,901,000 after buying an additional 33,982 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.42 on Friday. The company’s 50 day simple moving average is $82.17 and its 200 day simple moving average is $82.33. 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 firm has a market capitalization of $23.23 billion, a P/E ratio of 3,755.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.