Brookstone Capital Management Cuts Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Brookstone Capital Management cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.4% during the fourth quarter, HoldingsChannel reports. The fund owned 118,009 shares of the company’s stock after selling 24,900 shares during the quarter. Brookstone Capital Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Captrust Financial Advisors grew its stake in iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after buying an additional 3,563,486 shares during the last quarter. Cerity Partners OCIO LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $129,075,000. LPL Financial LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 21.8% during the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after buying an additional 1,193,337 shares during the last quarter. Barclays PLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 68.7% during the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after acquiring an additional 1,123,670 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in iShares 1-3 Year Treasury Bond ETF by 179.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after acquiring an additional 546,239 shares during the period. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.85 on Tuesday. The stock has a 50-day moving average of $82.01 and a two-hundred day moving average of $82.32. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The stock has a market cap of $22.74 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.11%.

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.