iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Holdings Lowered by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 51.2% during the second quarter, HoldingsChannel reports. The firm owned 5,777 shares of the company’s stock after selling 6,061 shares during the period. Bryn Mawr Capital Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHY. The Manufacturers Life Insurance Company grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock valued at $155,560,000 after buying an additional 1,849,118 shares in the last quarter. Members Trust Co increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 96.2% in the 1st quarter. Members Trust Co now owns 1,493,298 shares of the company’s stock valued at $122,122,000 after purchasing an additional 732,321 shares during the period. Pathstone Holdings LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $59,218,000. Simplicity Wealth LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $58,276,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7,346.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 668,426 shares of the company’s stock worth $54,664,000 after acquiring an additional 659,449 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY traded up $0.01 during trading on Friday, reaching $82.80. 2,781,303 shares of the stock traded hands, compared to its average volume of 4,000,214. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.62 and a fifty-two week high of $82.91. The stock’s 50-day simple moving average is $82.15 and its two-hundred day simple moving average is $81.70. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were paid a $0.2725 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.27 annualized dividend and a dividend yield of 3.95%.

iShares 1-3 Year Treasury Bond ETF Company 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.