SevenBridge Financial Group LLC Has $12.61 Million Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SevenBridge Financial Group LLC lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 153,792 shares of the company’s stock after selling 4,940 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 2.5% of SevenBridge Financial Group LLC’s portfolio, making the stock its 5th largest holding. SevenBridge Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,609,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 51.6% during the 4th quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after buying an additional 36,585 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $719,000. Pinnacle Financial Partners Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock valued at $17,316,000 after acquiring an additional 22,721 shares during the period. Zhang Financial LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after acquiring an additional 1,859 shares during the last quarter. Finally, Purus Wealth Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 8.6% in the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after purchasing an additional 530 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 Trading Down 0.3 %

iShares 1-3 Year Treasury Bond ETF stock opened at $82.48 on Wednesday. The company has a market cap of $23.24 billion, a PE ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The company’s 50-day moving average is $82.30 and its two-hundred day moving average is $82.29.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be issued a $0.2798 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.36 annualized dividend and a yield of 4.07%.

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.