Citigroup Inc. Cuts Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Citigroup Inc. decreased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,238,658 shares of the company’s stock after selling 66,744 shares during the period. Citigroup Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $102,635,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in iShares 1-3 Year Treasury Bond ETF by 45.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 125 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $39,000. Flaharty Asset Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $40,000. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at about $41,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%

Shares of NASDAQ SHY opened at $82.87 on Wednesday. The stock’s 50-day moving average is $82.92 and its 200 day moving average is $82.69. The stock has a market cap of $23.92 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 1-year low of $81.67 and a 1-year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.2627 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend was Monday, November 3rd.

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.