Cullen Frost Bankers Inc. Trims Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Cullen Frost Bankers Inc. cut its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,333 shares of the company’s stock after selling 3,061 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,559,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $45,000. Cedar Mountain Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $55,000. Financial Gravity Asset Management Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock worth $57,000 after purchasing an additional 625 shares during the last quarter. Halpern Financial Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $62,000. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 79.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 768 shares of the company’s stock worth $63,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.28 on Thursday. The stock has a market capitalization of $24.54 billion, a P/E ratio of 3,695.45 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.55 and a 1 year high of $82.43. The company’s fifty day moving average is $81.45 and its two-hundred day moving average is $81.59.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.2616 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.86%.

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.