First Hawaiian Bank Sells 1,341 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

First Hawaiian Bank decreased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,888 shares of the company’s stock after selling 1,341 shares during the quarter. First Hawaiian Bank’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% in the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after purchasing an additional 36,585 shares during the period. Simplicity Wealth LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $719,000. Pinnacle Financial Partners Inc increased its holdings in iShares 1-3 Year Treasury Bond ETF by 12.1% in the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock valued at $17,316,000 after buying an additional 22,721 shares during the period. Deutsche Bank AG raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 253.8% in the 4th quarter. Deutsche Bank AG now owns 8,457 shares of the company’s stock valued at $693,000 after buying an additional 6,067 shares in the last quarter. Finally, Kiker Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $3,036,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%

NASDAQ SHY opened at $82.63 on Monday. The firm’s 50 day simple moving average is $82.59 and its 200 day simple moving average is $82.30. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.21 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.2592 per share. This represents a $3.11 annualized dividend and a yield of 3.76%. The ex-dividend date was Thursday, May 1st.

iShares 1-3 Year Treasury Bond ETF Company 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.