SouthState Bank Corp Has $32.01 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

SouthState Bank Corp cut its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 387,632 shares of the company’s stock after selling 14,554 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 1.5% of SouthState Bank Corp’s portfolio, making the stock its 13th biggest holding. SouthState Bank Corp owned about 0.13% of iShares 1-3 Year Treasury Bond ETF worth $32,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SHY. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Holos Integrated Wealth LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $33,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

SHY stock opened at $81.93 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.79 and a 52 week high of $83.20. The company has a market cap of $25.74 billion, a PE ratio of 3,747.73 and a beta of 0.05. The business has a 50-day simple moving average of $82.05 and a 200 day simple moving average of $82.47.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.