Whittier Trust Co. Sells 593 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Whittier Trust Co. lessened its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,950 shares of the company’s stock after selling 593 shares during the quarter. Whittier Trust Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $323,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Financial Connections Group Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $31,000. Criterion Capital Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $35,000. Future Financial Wealth Managment LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $36,000. Mather Group LLC. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $39,000. Finally, Atticus Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 76.0% during the 1st quarter. Atticus Wealth Management LLC now owns 549 shares of the company’s stock valued at $45,000 after acquiring an additional 237 shares during the period. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock remained flat at $82.81 during midday trading on Thursday. 689,994 shares of the company’s stock were exchanged, compared to its average volume of 3,997,298. The firm has a 50 day moving average price of $82.12 and a 200-day moving average price of $81.69. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.62 and a 1-year high of $82.91. The stock has a market capitalization 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 firm also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.2725 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Thursday, August 1st. This represents a $3.27 dividend on an annualized basis and a yield of 3.95%.

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.