Pacific Financial Group Inc. Sells 2,712 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Pacific Financial Group Inc. reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.6% during the second quarter, Holdings Channel reports. The institutional investor owned 20,586 shares of the company’s stock after selling 2,712 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 1.3% of Pacific Financial Group Inc.’s portfolio, making the stock its 18th biggest holding. Pacific Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 125 shares during the last quarter. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $35,000. CENTRAL TRUST Co grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 575.4% in the first quarter. CENTRAL TRUST Co now owns 439 shares of the company’s stock worth $36,000 after purchasing an additional 374 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $39,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $82.82 on Friday. The stock has a market capitalization of $23.42 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.67 and a 1 year high of $83.12. The business’s 50-day moving average is $82.80 and its 200 day moving average is $82.63.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, October 1st will be paid a $0.2563 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.