JPMorgan Chase & Co. Decreases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

JPMorgan Chase & Co. reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.1% during the third quarter, HoldingsChannel reports. The fund owned 10,142,072 shares of the company’s stock after selling 778,721 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $841,386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. Hantz Financial Services Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $25,000. Key Financial Inc grew its stake in iShares 1-3 Year Treasury Bond ETF by 158.1% in the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after buying an additional 196 shares in the last quarter. Pflug Koory LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 637.8% during the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 287 shares during the period. Delos Wealth Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth $29,000. Finally, Howe & Rusling Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the second quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock worth $30,000 after acquiring an additional 361 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $83.03 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.03 and a fifty-two week high of $83.14. The stock has a market cap of $24.27 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock has a fifty day moving average of $82.86 and a 200-day moving average of $82.87.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.