Fortem Financial Group LLC Cuts Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fortem Financial Group LLC cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,707 shares of the company’s stock after selling 16,039 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 3.0% of Fortem Financial Group LLC’s investment portfolio, making the stock its 4th largest position. Fortem Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. WestEnd Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $30,000. Financial Connections Group Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $31,000. Rational Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $67,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $68,000. Finally, Creative Financial Designs Inc. ADV boosted its position in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.19 on Wednesday. The stock has a market capitalization of $22.20 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The company’s 50-day simple moving average is $82.29 and its 200-day simple moving average is $82.24.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were issued a $0.2653 dividend. The ex-dividend date was Monday, December 2nd.

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.