iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Gemmer Asset Management LLC

Gemmer Asset Management LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,203 shares of the company’s stock after selling 14,820 shares during the period. Gemmer Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,568,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock valued at $3,728,910,000 after purchasing an additional 45,609,923 shares in the last quarter. LPL Financial LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 6.5% in the 1st quarter. LPL Financial LLC now owns 6,855,478 shares of the company’s stock valued at $567,154,000 after purchasing an additional 417,922 shares in the last quarter. Raymond James Financial Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 6.8% in the 1st quarter. Raymond James Financial Inc. now owns 5,068,597 shares of the company’s stock valued at $419,325,000 after purchasing an additional 323,185 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 13.8% in the 1st quarter. Ameriprise Financial Inc. now owns 4,043,180 shares of the company’s stock valued at $334,519,000 after purchasing an additional 490,469 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in iShares 1-3 Year Treasury Bond ETF by 10.5% in the 1st quarter. Truist Financial Corp now owns 3,032,043 shares of the company’s stock valued at $250,841,000 after purchasing an additional 288,507 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.79 on Friday. The business has a 50-day moving average of $82.80 and a 200-day moving average of $82.63. The company has a market capitalization of $23.97 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.

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. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2563 per share. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.