Glenview Trust Co Sells 6,246 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Glenview Trust Co lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 65,985 shares of the company’s stock after selling 6,246 shares during the period. Glenview Trust Co’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SHY. RPOA Advisors Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $301,889,000. Bank of America Corp DE boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after purchasing an additional 2,454,485 shares in the last quarter. Edge Wealth Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 286.0% in the 3rd quarter. Edge Wealth Management LLC now owns 1,518,562 shares of the company’s stock worth $123,284,000 after purchasing an additional 1,125,105 shares in the last quarter. Finally, Assetmark Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after purchasing an additional 1,002,453 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.70 on Friday. The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The firm has a 50-day moving average price of $81.43 and a two-hundred day moving average price of $82.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.2410 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, October 1st. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.