Private Management Group Inc. Sells 5,584 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Private Management Group Inc. reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,467 shares of the company’s stock after selling 5,584 shares during the quarter. Private Management Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,776,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. WestEnd Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $30,000. Financial Connections Group Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $31,000. Rational Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $67,000. Global Trust Asset Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV increased its position in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.05 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock’s 50 day moving average price is $82.77 and its two-hundred day moving average price is $82.08. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be issued a $0.2831 dividend. The ex-dividend date is Friday, November 1st. This represents a $3.40 annualized dividend and a yield of 4.14%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF 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.