Penobscot Investment Management Company Inc. Cuts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Penobscot Investment Management Company Inc. trimmed its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 27,962 shares of the company’s stock after selling 750 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Flagship Harbor Advisors LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock worth $965,000 after buying an additional 351 shares in the last quarter. Investment Advisory Group LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% during the 1st quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock worth $2,825,000 after buying an additional 1,723 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% during the 4th quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after buying an additional 36,585 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $719,000. Finally, Deutsche Bank AG raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 253.8% during the 4th quarter. Deutsche Bank AG now owns 8,457 shares of the company’s stock worth $693,000 after buying an additional 6,067 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.73 on Thursday. The stock has a market cap of $24.30 billion, a P/E ratio of 3,747.73 and a beta of 0.01. The stock’s 50 day simple moving average is $82.53 and its 200 day simple moving average is $82.33. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.29 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.2718 per share. This represents a $3.26 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Monday, June 2nd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.