Allen Capital Group LLC Lowers Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Allen Capital Group LLC decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.6% in the third quarter, Holdings Channel reports. The institutional investor owned 6,540 shares of the company’s stock after selling 1,700 shares during the quarter. Allen Capital Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $544,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 5.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock valued at $225,000 after buying an additional 131 shares during the last quarter. Patton Fund Management Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.8% during the second quarter. Patton Fund Management Inc. now owns 7,767 shares of the company’s stock valued at $634,000 after buying an additional 140 shares during the last quarter. SPC Financial Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after buying an additional 140 shares during the last quarter. Secure Asset Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.0% during the second quarter. Secure Asset Management LLC now owns 7,528 shares of the company’s stock valued at $615,000 after buying an additional 148 shares during the last quarter. Finally, Aveo Capital Partners LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.0% during the second quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock valued at $1,229,000 after buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

Shares of NASDAQ:SHY opened at $82.01 on Friday. The stock has a fifty day simple moving average of $82.51 and a two-hundred day simple moving average of $82.16. The stock has a market capitalization of $22.15 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 12-month low of $80.91 and a 12-month high of $83.30.

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 $0.2831 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.