Ritholtz Wealth Management Cuts Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ritholtz Wealth Management decreased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,158 shares of the company’s stock after selling 3,825 shares during the quarter. Ritholtz Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $37,000. Global Trust Asset Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $68,000. Creative Financial Designs Inc. ADV grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $76,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $78,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

NASDAQ:SHY opened at $82.10 on Friday. The company has a fifty day simple moving average of $82.01 and a two-hundred day simple moving average of $82.32. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.10%.

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.