iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,182,228 shares of the company’s stock after selling 11,570 shares during the period. Royal Bank of Canada owned 1.13% of iShares 1-3 Year Treasury Bond ETF worth $260,879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% during the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after purchasing an additional 36,585 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $719,000. Pinnacle Financial Partners Inc increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% in the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after acquiring an additional 22,721 shares during the period. Zhang Financial LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,859 shares during the period. Finally, Purus Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% in the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after acquiring an additional 530 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

SHY stock opened at $82.40 on Friday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.21 and a fifty-two week high of $83.30. The firm’s 50-day simple moving average is $82.59 and its 200 day simple moving average is $82.27. The stock has a market cap of $24.20 billion, a PE ratio of 3,762.27 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were issued a $0.2592 dividend. The ex-dividend date was Thursday, May 1st. This represents a $3.11 dividend on an annualized basis and a dividend yield of 3.77%.

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.