Pine Valley Investments Ltd Liability Co Sells 1,962 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Pine Valley Investments Ltd Liability Co trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 28.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,827 shares of the company’s stock after selling 1,962 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $394,000 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. UBS Group AG boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% in the 4th quarter. UBS Group AG now owns 6,202,313 shares of the company’s stock worth $508,838,000 after buying an additional 177,582 shares during the last quarter. Captrust Financial Advisors grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after acquiring an additional 379,718 shares during the period. Pinebridge Investments L.P. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% during the 4th quarter. Pinebridge Investments L.P. now owns 4,093,000 shares of the company’s stock valued at $335,790,000 after acquiring an additional 280,000 shares during the period. Raymond James & Associates increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% during the 2nd quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock worth $246,738,000 after purchasing an additional 250,959 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock worth $155,560,000 after purchasing an additional 1,849,118 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY remained flat at $82.80 on Friday. The company’s stock had a trading volume of 2,781,303 shares, compared to its average volume of 4,000,214. The stock’s 50 day simple moving average is $82.17 and its two-hundred day simple moving average is $81.71. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.62 and a 1-year high of $82.91. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.