Moors & Cabot Inc. Has $679,000 Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Moors & Cabot Inc. lowered its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 24.8% during the third quarter, HoldingsChannel reports. The firm owned 8,171 shares of the company’s stock after selling 2,694 shares during the quarter. Moors & Cabot Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHY. Kestra Advisory Services LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.2% in the 1st quarter. Kestra Advisory Services LLC now owns 189,142 shares of the company’s stock valued at $15,468,000 after acquiring an additional 2,325 shares in the last quarter. SVB Wealth LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 114.1% during the 1st quarter. SVB Wealth LLC now owns 15,104 shares of the company’s stock worth $1,235,000 after purchasing an additional 8,049 shares in the last quarter. Ascent Group LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 35.2% in the 1st quarter. Ascent Group LLC now owns 73,830 shares of the company’s stock valued at $6,038,000 after purchasing an additional 19,209 shares during the period. Captrust Financial Advisors lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after purchasing an additional 379,718 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 29.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,764 shares of the company’s stock worth $2,572,000 after buying an additional 7,268 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

NASDAQ:SHY opened at $82.01 on Friday. The stock has a 50-day simple moving average of $82.51 and a 200 day simple moving average of $82.16. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a market cap of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, November 1st.

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.