iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 51.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,090,879 shares of the company’s stock after selling 1,149,833 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $90,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SHY. MCF Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $29,000. Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $33,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $81.99 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.76 and a 1-year high of $83.20. The stock has a market cap of $25.45 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm has a fifty day moving average price of $82.00 and a 200 day moving average price of $82.40.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2383 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.