Truist Financial Corp Sells 305,906 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Truist Financial Corp reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,635,036 shares of the company’s stock after selling 305,906 shares during the quarter. Truist Financial Corp owned approximately 1.49% of iShares 1-3 Year Treasury Bond ETF worth $380,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fortitude Family Office LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $45,000. Impact Partnership Wealth LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 114.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 641 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $55,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after buying an additional 625 shares during the last quarter. Finally, Halpern Financial Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $62,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY traded up $0.02 during trading on Friday, reaching $81.21. 3,052,450 shares of the stock were exchanged, compared to its average volume of 4,538,988. The stock’s 50 day moving average price is $81.51 and its two-hundred day moving average price is $81.56. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60. The stock has a market cap of $24.57 billion, a P/E ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.2705 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.25 annualized dividend and a dividend yield of 4.00%.

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.