180 Wealth Advisors LLC Has $554,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

180 Wealth Advisors LLC cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,769 shares of the company’s stock after selling 343 shares during the quarter. 180 Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Cornell University acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $35,212,000. The Manufacturers Life Insurance Company lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock valued at $155,560,000 after purchasing an additional 1,849,118 shares during the period. Members Trust Co lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 96.2% in the 1st quarter. Members Trust Co now owns 1,493,298 shares of the company’s stock valued at $122,122,000 after purchasing an additional 732,321 shares during the period. Pathstone Holdings LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $59,218,000. Finally, Simplicity Wealth LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $58,276,000. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY traded down $0.20 during midday trading on Thursday, reaching $82.45. The company’s stock had a trading volume of 3,164,629 shares, compared to its average volume of 4,064,114. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The firm has a 50 day moving average price of $81.88 and a two-hundred day moving average price of $81.65. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.62 and a fifty-two week high of $82.91.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were paid a $0.2725 dividend. This represents a $3.27 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 1st.

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.