SPC Financial Inc. Reduces Position in iShares 1-3 Year Treasury Bond ETF $SHY

SPC Financial Inc. lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,807 shares of the company’s stock after selling 243 shares during the period. SPC Financial Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $564,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. DMC Group LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% during the first quarter. DMC Group LLC now owns 7,417 shares of the company’s stock valued at $614,000 after buying an additional 122 shares during the period. CNB Bank boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.6% during the first quarter. CNB Bank now owns 2,018 shares of the company’s stock valued at $167,000 after buying an additional 125 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% in the first quarter. Apollon Wealth Management LLC now owns 21,474 shares of the company’s stock valued at $1,777,000 after purchasing an additional 125 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares during the period. Finally, Robinson Value Management Ltd. grew its stake in iShares 1-3 Year Treasury Bond ETF by 0.7% in the first quarter. Robinson Value Management Ltd. now owns 18,177 shares of the company’s stock worth $1,504,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

Shares of NASDAQ:SHY opened at $82.93 on Monday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.12. The stock has a market cap of $23.97 billion, a P/E ratio of 3,747.73 and a beta of 0.01. The business’s 50 day moving average is $82.83 and its 200 day moving average is $82.65.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a $0.2563 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.7%.

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.