First Foundation Advisors Sells 29,410 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

First Foundation Advisors cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 66.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,534 shares of the company’s stock after selling 29,410 shares during the period. First Foundation Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHY. UBS Group AG lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% in the fourth quarter. UBS Group AG now owns 6,202,313 shares of the company’s stock valued at $508,838,000 after purchasing an additional 177,582 shares in the last quarter. Cornell University bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $35,212,000. Pinebridge Investments L.P. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% in the fourth quarter. Pinebridge Investments L.P. now owns 4,093,000 shares of the company’s stock valued at $335,790,000 after purchasing an additional 280,000 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% in the fourth quarter. Raymond James & Associates now owns 2,792,956 shares of the company’s stock valued at $229,134,000 after purchasing an additional 67,091 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 43.6% in the fourth quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock valued at $201,006,000 after purchasing an additional 744,074 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

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

Shares of iShares 1-3 Year Treasury Bond ETF stock traded down $0.04 during trading on Friday, reaching $81.92. The stock had a trading volume of 2,041,664 shares, compared to its average volume of 3,931,220. The company has a market capitalization of $24.04 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The stock has a fifty day moving average price of $81.54 and a two-hundred day moving average price of $81.61. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.62 and a 52 week high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a dividend of $0.2704 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $3.24 annualized dividend and a yield of 3.96%.

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.