Royal Bank of Canada Sells 19,123 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Royal Bank of Canada trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.6% during the first quarter, HoldingsChannel.com reports. The firm owned 3,163,105 shares of the company’s stock after selling 19,123 shares during the quarter. Royal Bank of Canada’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $261,684,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $26,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 162.2% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock valued at $34,000 after purchasing an additional 253 shares in the last quarter. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $35,000. CENTRAL TRUST Co lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 575.4% in the first quarter. CENTRAL TRUST Co now owns 439 shares of the company’s stock valued at $36,000 after purchasing an additional 374 shares in the last quarter. Finally, WFA Asset Management Corp bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $38,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.98 on Tuesday. The stock’s 50-day simple moving average is $82.64 and its 200 day simple moving average is $82.55. The company has a market cap of $23.47 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, September 5th. Investors of record on Tuesday, September 2nd will be given a $0.2584 dividend. The ex-dividend date of this dividend is Tuesday, September 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.