Procyon Advisors LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Procyon Advisors LLC decreased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,750 shares of the company’s stock after selling 556 shares during the quarter. Procyon Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,128,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Stelac Advisory Services LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $195,000. Vontobel Holding Ltd. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the 1st quarter. Vontobel Holding Ltd. now owns 10,829 shares of the company’s stock valued at $902,000 after acquiring an additional 1,579 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $20,110,000. Brighton Jones LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 37.2% during the 1st quarter. Brighton Jones LLC now owns 3,387 shares of the company’s stock valued at $282,000 after acquiring an additional 918 shares during the period. Finally, Covestor Ltd lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 105.9% during the 1st quarter. Covestor Ltd now owns 700 shares of the company’s stock valued at $58,000 after acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 18.38% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock traded down $0.04 during midday trading on Thursday, reaching $81.79. 415,343 shares of the company traded hands, compared to its average volume of 4,637,853. The firm’s 50 day simple moving average is $81.80 and its two-hundred day simple moving average is $81.49. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.55 and a 1-year high of $82.61.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were paid a dividend of $0.2405 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.53%.

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.