Royal Bank of Canada Sells 51,268 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Royal Bank of Canada trimmed its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,515,652 shares of the company’s stock after selling 51,268 shares during the period. Royal Bank of Canada owned about 1.15% of iShares 1-3 Year Treasury Bond ETF worth $290,286,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Captrust Financial Advisors lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after buying an additional 940,434 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after buying an additional 467,629 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after acquiring an additional 4,206,546 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock worth $431,819,000 after acquiring an additional 45,271 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Thursday. The stock’s 50 day moving average is $82.00 and its 200 day moving average is $82.40. The firm has a market cap of $25.45 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.76 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.5%.

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.