Peapack Gladstone Financial Corp Lowers Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Peapack Gladstone Financial Corp lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 235,790 shares of the company’s stock after selling 8,628 shares during the period. Peapack Gladstone Financial Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $19,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Captrust Financial Advisors grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after purchasing an additional 6,281,496 shares during the period. Bank of America Corp DE grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock valued at $973,965,000 after purchasing an additional 133,178 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after purchasing an additional 4,206,546 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock valued at $388,325,000 after purchasing an additional 257,934 shares during the period. Finally, Raymond James Financial Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Raymond James Financial Inc. now owns 4,299,580 shares of the company’s stock valued at $356,693,000 after acquiring an additional 103,291 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.30 on Monday. The stock has a 50-day moving average price of $82.34 and a two-hundred day moving average price of $82.68. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $82.00 and a 12-month high of $83.20. The company has a market cap of $25.20 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.2428 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 1st.

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.