SouthState Bank Corp Sells 19,844 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

SouthState Bank Corp trimmed its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,186 shares of the company’s stock after selling 19,844 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 1.5% of SouthState Bank Corp’s holdings, making the stock its 13th largest position. SouthState Bank Corp owned approximately 0.14% of iShares 1-3 Year Treasury Bond ETF worth $33,309,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Key Financial Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% in the third quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after buying an additional 196 shares in the last quarter. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $29,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $29,000. Finally, Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $33,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2%

iShares 1-3 Year Treasury Bond ETF stock opened at $81.86 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.86 and a 1-year high of $83.20. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day moving average price is $82.30 and its two-hundred day moving average price is $82.65.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.2429 per share. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.