iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Apexium Financial LP

Apexium Financial LP lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,601 shares of the company’s stock after selling 1,378 shares during the quarter. Apexium Financial LP’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHY. Logan Capital Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $37,000. AlphaMark Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $63,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $68,000. Creative Financial Designs Inc. ADV increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after acquiring an additional 167 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $76,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.14 on Monday. The stock has a 50-day moving average of $82.02 and a two-hundred day moving average of $82.34. The stock has a market cap of $23.02 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

iShares 1-3 Year Treasury Bond ETF Company 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.