Bearing Point Capital LLC Trims Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Bearing Point Capital LLC lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,615 shares of the company’s stock after selling 54,795 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 1.5% of Bearing Point Capital LLC’s portfolio, making the stock its 16th largest position. Bearing Point Capital LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after buying an additional 6,281,496 shares during the period. Bank of America Corp DE grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after acquiring an additional 133,178 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after acquiring an additional 4,206,546 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock worth $388,325,000 after acquiring an additional 257,934 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% in the third quarter. Raymond James Financial Inc. now owns 4,299,580 shares of the company’s stock worth $356,693,000 after acquiring an additional 103,291 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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

NASDAQ:SHY opened at $82.30 on Friday. The company has a fifty day simple moving average of $82.34 and a two-hundred day simple moving average of $82.68. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.00 and a 52 week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.2428 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.