Clearbridge Investments LLC Sells 5,933 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Clearbridge Investments LLC trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,880 shares of the company’s stock after selling 5,933 shares during the period. Clearbridge Investments LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 158,032 shares of the company’s stock valued at $12,924,000 after acquiring an additional 12,484 shares during the period. Rockport Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $6,295,000. Penobscot Investment Management Company Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the first quarter. Penobscot Investment Management Company Inc. now owns 27,735 shares of the company’s stock worth $2,268,000 after buying an additional 550 shares in the last quarter. Spreng Capital Management Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% in the 1st quarter. Spreng Capital Management Inc. now owns 29,281 shares of the company’s stock valued at $2,395,000 after acquiring an additional 172 shares in the last quarter. Finally, ESL Trust Services LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $77,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock traded up $0.05 during midday trading on Thursday, reaching $82.06. The company had a trading volume of 155,277 shares, compared to its average volume of 3,888,060. The firm has a 50-day moving average price of $81.58 and a 200-day moving average price of $81.61. The company has a market capitalization of $24.14 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.62 and a 1 year high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a dividend of $0.2704 per share. The ex-dividend date was Monday, July 1st. This represents a $3.24 dividend on an annualized basis and a yield of 3.95%.

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.