Midwest Professional Planners LTD. Lowers Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Midwest Professional Planners LTD. lessened its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,098 shares of the company’s stock after selling 671 shares during the quarter. Midwest Professional Planners LTD.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHY. Proficio Capital Partners LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after buying an additional 8,173,293 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $389,029,000. Captrust Financial Advisors raised its stake in iShares 1-3 Year Treasury Bond ETF by 72.7% during the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after purchasing an additional 3,563,486 shares in the last quarter. Essential Planning LLC. raised its stake in iShares 1-3 Year Treasury Bond ETF by 4,992.9% during the fourth quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after purchasing an additional 2,405,880 shares in the last quarter. Finally, Assetmark Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 94.0% during the fourth quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock valued at $334,149,000 after purchasing an additional 1,975,432 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 0.1 %

iShares 1-3 Year Treasury Bond ETF stock opened at $82.48 on Friday. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 3,755.45 and a beta of 0.01. The firm’s fifty day moving average is $82.16 and its 200 day moving average is $82.33. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

iShares 1-3 Year Treasury Bond ETF Company 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.