Mechanics Bank Trust Department Decreases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mechanics Bank Trust Department trimmed its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,630 shares of the company’s stock after selling 985 shares during the period. Mechanics Bank Trust Department’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $707,000 at the end of the most recent quarter.

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

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $82.08 on Monday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The stock has a market capitalization of $22.74 billion, a PE ratio of 3,695.45 and a beta of 0.01. The business’s 50-day moving average is $82.01 and its 200 day moving average is $82.33.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.10%.

iShares 1-3 Year Treasury Bond ETF 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.