iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Cut by PCG Asset Management LLC

PCG Asset Management LLC cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 58,297 shares of the company’s stock after selling 1,396 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 4.5% of PCG Asset Management LLC’s holdings, making the stock its 4th largest position. PCG Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.4% during the 4th quarter. Bank of America Corp DE now owns 15,282,874 shares of the company’s stock worth $1,252,890,000 after acquiring an additional 1,308,640 shares during the last quarter. Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 9.1% during the 4th quarter. Captrust Financial Advisors now owns 9,232,624 shares of the company’s stock worth $756,890,000 after purchasing an additional 766,782 shares during the period. LPL Financial LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 6.5% during the 1st quarter. LPL Financial LLC now owns 6,855,478 shares of the company’s stock worth $567,154,000 after purchasing an additional 417,922 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 71.1% during the 4th quarter. Ameriprise Financial Inc. now owns 3,552,711 shares of the company’s stock worth $291,175,000 after purchasing an additional 1,475,824 shares during the period. Finally, Truist Financial Corp increased its holdings in iShares 1-3 Year Treasury Bond ETF by 10.5% during the 1st quarter. Truist Financial Corp now owns 3,032,043 shares of the company’s stock worth $250,841,000 after purchasing an additional 288,507 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 Down 0.0%

SHY opened at $82.62 on Monday. The stock’s fifty day moving average is $82.51 and its two-hundred day moving average is $82.47. The company has a market capitalization of $23.36 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.67 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st were issued a dividend of $0.2698 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, August 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.