Sumitomo Mitsui Financial Group Inc. Sells 783 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sumitomo Mitsui Financial Group Inc. trimmed its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,676 shares of the company’s stock after selling 783 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% during the 4th quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock valued at $8,840,000 after acquiring an additional 36,585 shares during the period. Simplicity Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $719,000. Pinnacle Financial Partners Inc grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after purchasing an additional 22,721 shares during the last quarter. Zhang Financial LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after buying an additional 1,859 shares during the period. Finally, Purus Wealth Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 8.6% during the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after purchasing an additional 530 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.68 on Monday. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The stock’s 50-day moving average is $82.33 and its 200 day moving average is $82.28.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a $0.2798 dividend. This represents a $3.36 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.