Sumitomo Mitsui Financial Group Inc. Has $8.25 Million Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sumitomo Mitsui Financial Group Inc. trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,676 shares of the company’s stock after selling 783 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SHY. Golden State Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $30,000. Van ECK Associates Corp raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after buying an additional 187 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $32,000. Roxbury Financial LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $36,000. Finally, Logan Capital Management Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $37,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.68 on Monday. The business has a fifty day moving average of $82.33 and a 200-day moving average of $82.28. The firm has a market cap of $22.99 billion, a PE ratio of 3,758.18 and a beta of 0.04. 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 Friday, April 4th. Investors of record on Tuesday, April 1st were paid a dividend of $0.2798 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Tuesday, April 1st.

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.