iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,305 shares of the company’s stock after selling 700 shares during the period. GLOBALT Investments LLC GA’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners OCIO LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $129,075,000. Mizuho Markets Americas LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $44,917,000. SG Americas Securities LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 1,533.3% in the second quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock valued at $42,633,000 after purchasing an additional 490,171 shares during the period. LPL Financial LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after purchasing an additional 422,978 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after buying an additional 379,718 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.08 on Tuesday. The business’s 50-day simple moving average is $82.60 and its 200 day simple moving average is $82.15. The company has a market cap of $22.17 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.14%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

About iShares 1-3 Year Treasury Bond ETF

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.