TIAA Trust National Association Sells 12,328 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

TIAA Trust National Association reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,696 shares of the company’s stock after selling 12,328 shares during the quarter. TIAA Trust National Association’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,632,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Eagle Asset Management Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% in the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,938 shares during the last quarter. Proficio Capital Partners LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock valued at $8,840,000 after buying an additional 36,585 shares during the last quarter. Simplicity Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $719,000. Pinnacle Financial Partners Inc lifted its position in iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after buying an additional 22,721 shares in the last quarter. Finally, Zhang Financial LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after buying an additional 1,859 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.50 on Wednesday. The stock’s 50-day simple moving average is $82.25 and its 200 day simple moving average is $82.31. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a market cap of $23.25 billion, a P/E ratio of 3,745.00 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

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.