iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. lessened its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 44.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,873 shares of the company’s stock after selling 1,523 shares during the quarter. Cambridge Trust Co.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $36,000. Mather Group LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $39,000. Atticus Wealth Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 76.0% in the first quarter. Atticus Wealth Management LLC now owns 549 shares of the company’s stock worth $45,000 after acquiring an additional 237 shares during the period. Finally, Vestor Capital LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 28.8% in the fourth quarter. Vestor Capital LLC now owns 684 shares of the company’s stock worth $56,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY traded up $0.46 during midday trading on Friday, hitting $82.67. 5,001,423 shares of the stock were exchanged, compared to its average volume of 3,916,141. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.62 and a 52-week high of $82.69. The stock has a fifty day simple moving average of $81.69 and a 200 day simple moving average of $81.62. The firm has a market cap of $24.52 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.2725 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.27 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, August 1st.

iShares 1-3 Year Treasury Bond ETF 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.