iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Farmers Trust Co.

Farmers Trust Co. trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,204 shares of the company’s stock after selling 3,600 shares during the period. Farmers Trust Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,092,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Accredited Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. Van ECK Associates Corp lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after purchasing an additional 187 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $32,000. Finally, Carolinas Wealth Consulting LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 162.2% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock worth $34,000 after buying an additional 253 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

Shares of NASDAQ:SHY opened at $82.55 on Friday. The company’s 50-day moving average price is $82.59 and its 200 day moving average price is $82.29. The company has a market cap of $24.24 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.21 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a $0.2592 dividend. The ex-dividend date was Thursday, May 1st. This represents a $3.11 annualized dividend and a dividend yield of 3.77%.

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.