iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp cut its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 267,962 shares of the company’s stock after selling 8,105 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.10% of iShares 1-3 Year Treasury Bond ETF worth $21,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its position in iShares 1-3 Year Treasury Bond ETF by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,483,336 shares of the company’s stock valued at $449,524,000 after purchasing an additional 59,920 shares during the period. Prudential PLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $295,000. Landscape Capital Management L.L.C. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $31,526,000. Wescott Financial Advisory Group LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 12.4% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 32,981 shares of the company’s stock worth $2,704,000 after acquiring an additional 3,650 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.6% during the 4th quarter. World Investment Advisors now owns 100,127 shares of the company’s stock valued at $8,208,000 after acquiring an additional 6,224 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.68 on Friday. The firm has a market capitalization of $22.99 billion, a PE ratio of 3,758.18 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The firm’s 50-day moving average is $82.33 and its two-hundred day moving average is $82.28.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a dividend of $0.2798 per share. This represents a $3.36 annualized dividend and a yield of 4.06%. The ex-dividend date was Tuesday, April 1st.

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.