Cibc World Market Inc. Has $2.50 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Cibc World Market Inc. lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,124 shares of the company’s stock after selling 7,381 shares during the period. Cibc World Market Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SHY. NewEdge Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock worth $10,916,000 after acquiring an additional 916 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 103.3% during the second quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock worth $1,260,000 after acquiring an additional 7,731 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $70,000. NCM Capital Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 6.7% in the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock worth $793,000 after purchasing an additional 603 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock worth $2,712,000 after purchasing an additional 919 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $81.90 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.86 and a 52-week high of $83.20. The company has a 50-day simple moving average of $82.30 and a two-hundred day simple moving average of $82.64. The company has a market capitalization of $25.08 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.2429 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 3.6%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

iShares 1-3 Year Treasury Bond ETF 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.