GLOBALT Investments LLC GA Trims Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

GLOBALT Investments LLC GA trimmed its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,305 shares of the company’s stock after selling 700 shares during the period. GLOBALT Investments LLC GA’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,104,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WestEnd Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $30,000. Financial Connections Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $31,000. Rational Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $67,000. Global Trust Asset Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after acquiring an additional 167 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

SHY stock opened at $82.08 on Tuesday. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock’s fifty day simple moving average is $82.60 and its 200-day simple moving average is $82.15.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.2831 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 annualized dividend and a yield of 4.14%.

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.