Eastern Bank Lowers Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Eastern Bank cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,988 shares of the company’s stock after selling 527 shares during the quarter. Eastern Bank’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $163,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $37,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $68,000. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after acquiring an additional 167 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $76,000. Finally, Bristlecone Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $78,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0 %

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.87 on Wednesday. The firm’s 50 day simple moving average is $82.01 and its two-hundred day simple moving average is $82.32. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2804 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, December 18th.

iShares 1-3 Year Treasury Bond ETF Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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