Innova Wealth Partners Sells 16,652 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Innova Wealth Partners cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.6% in the third quarter, Holdings Channel reports. The fund owned 176,056 shares of the company’s stock after selling 16,652 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 5.6% of Innova Wealth Partners’ holdings, making the stock its biggest position. Innova Wealth Partners’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $14,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SHY. Range Financial Group LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 6.4% in the 3rd quarter. Range Financial Group LLC now owns 5,097 shares of the company’s stock worth $414,000 after purchasing an additional 307 shares during the last quarter. Carnegie Investment Counsel bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $1,095,000. Pinnacle Associates Ltd. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 14.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 8,075 shares of the company’s stock valued at $656,000 after purchasing an additional 1,025 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 93.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 102,382 shares of the company’s stock valued at $8,313,000 after purchasing an additional 49,410 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 31.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 26,571 shares of the company’s stock valued at $2,160,000 after purchasing an additional 6,288 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $81.30 on Wednesday. The firm has a market cap of $27.12 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s 50-day moving average price is $81.50 and its two-hundred day moving average price is $81.90. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2410 dividend. This represents a $2.89 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.