iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Holdings Lowered by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 72.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,573 shares of the company’s stock after selling 11,907 shares during the period. Central Pacific Bank Trust Division’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $375,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors lifted its position in iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after buying an additional 1,193,337 shares during the period. Bank of Montreal Can boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.8% during the third quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock valued at $427,620,000 after buying an additional 41,969 shares in the last quarter. Barclays PLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after acquiring an additional 1,123,670 shares during the period. Finally, Cerity Partners OCIO LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $129,075,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.96 on Friday. The company has a 50-day moving average of $82.06 and a 200-day moving average of $82.29. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.11%.

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.