iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Crews Bank & Trust

Crews Bank & Trust reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.4% in the 1st quarter, HoldingsChannel reports. The fund owned 15,949 shares of the company’s stock after selling 567 shares during the quarter. Crews Bank & Trust’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SHY. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 182.6% during the 4th quarter. D.A. Davidson & CO. now owns 27,795 shares of the company’s stock worth $2,279,000 after acquiring an additional 17,958 shares in the last quarter. PMG Wealth Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $2,306,000. Sigma Planning Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 7.4% during the 4th quarter. Sigma Planning Corp now owns 234,399 shares of the company’s stock worth $19,216,000 after acquiring an additional 16,090 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after acquiring an additional 22,721 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.54 on Friday. The stock has a 50-day simple moving average of $82.53 and a 200-day simple moving average of $82.32. The stock has a market cap of $24.24 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.29 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.2718 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a $3.26 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, June 2nd.

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.