iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Convergence Financial LLC

Convergence Financial LLC lowered its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 42.8% in the third quarter, HoldingsChannel reports. The fund owned 82,841 shares of the company’s stock after selling 61,867 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for approximately 0.9% of Convergence Financial LLC’s investment portfolio, making the stock its 26th largest holding. Convergence Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $49,000. Victory Financial Group LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 64.4% in the third quarter. Victory Financial Group LLC now owns 5,131 shares of the company’s stock valued at $417,000 after purchasing an additional 2,010 shares in the last quarter. Latitude Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $50,000. Semitam Bonam LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 9.6% in the third quarter. Semitam Bonam LLC now owns 72,854 shares of the company’s stock valued at $5,916,000 after purchasing an additional 6,357 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $223,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $81.47 on Thursday. The company’s 50-day moving average price is $81.44 and its two-hundred day moving average price is $82.13. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The stock has a market capitalization of $27.24 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.2410 dividend. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 1st.

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.