B. Riley Wealth Advisors Inc. Cuts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

B. Riley Wealth Advisors Inc. cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,496 shares of the company’s stock after selling 7,268 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,010,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $45,000. Cedar Mountain Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $55,000. Vestor Capital LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 28.8% in the 4th quarter. Vestor Capital LLC now owns 684 shares of the company’s stock valued at $56,000 after purchasing an additional 153 shares in the last quarter. Financial Gravity Asset Management Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 771.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock worth $57,000 after purchasing an additional 625 shares during the last quarter. Finally, Glassman Wealth Services purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $59,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.64 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.55 and a fifty-two week high of $82.39. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The stock’s fifty day moving average is $81.32 and its two-hundred day moving average is $81.63.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.2621 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.15 dividend on an annualized basis and a yield of 3.85%.

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.