Penobscot Investment Management Company Inc. Sells 1,200 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Penobscot Investment Management Company Inc. cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,712 shares of the company’s stock after selling 1,200 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,354,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% during the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock valued at $675,862,000 after buying an additional 8,173,293 shares during the last quarter. Raymond James Financial Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $389,029,000. Captrust Financial Advisors lifted its stake in iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares during the period. Essential Planning LLC. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4,992.9% during the 4th quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after acquiring an additional 2,405,880 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 94.0% during the 4th quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock valued at $334,149,000 after acquiring an additional 1,975,432 shares during the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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

SHY opened at $82.50 on Wednesday. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01. The firm has a 50 day moving average price of $82.25 and a 200-day moving average price of $82.31. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

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.