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

Massmutual Trust Co. FSB ADV decreased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 46.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,291 shares of the company’s stock after selling 4,563 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Criterion Capital Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth $35,000. Future Financial Wealth Managment LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at $36,000. Mather Group LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at $39,000. Atticus Wealth Management LLC raised its position in shares of 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 valued at $45,000 after buying an additional 237 shares during the last quarter. Finally, Vestor Capital LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 28.8% during the fourth quarter. Vestor Capital LLC now owns 684 shares of the company’s stock worth $56,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY traded down $0.10 during midday trading on Tuesday, hitting $82.55. The company’s stock had a trading volume of 12,805,595 shares, compared to its average volume of 4,008,096. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.62 and a 1 year high of $82.91. The business’s fifty day simple moving average is $81.72 and its two-hundred day simple moving average is $81.62. The firm has a market capitalization of $24.48 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $3.27 dividend on an annualized basis and a yield of 3.96%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

About iShares 1-3 Year Treasury Bond ETF

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.