Royal Bank of Canada Sells 51,268 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Royal Bank of Canada reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 1.4% in the first quarter, HoldingsChannel.com reports. The fund owned 3,515,652 shares of the company’s stock after selling 51,268 shares during the quarter. Royal Bank of Canada’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $290,286,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MCF Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the period. Lodestone Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. Valley National Advisers Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $38,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.99 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.76 and a 52-week high of $83.20. The business’s 50 day moving average price is $82.00 and its two-hundred day moving average price is $82.40. The firm has a market cap of $25.45 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

About iShares 1-3 Year Treasury Bond ETF

(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.

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Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report).

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