SouthState Corp Trims Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SouthState Corp lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,346 shares of the company’s stock after selling 4,292 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 1.4% of SouthState Corp’s portfolio, making the stock its 21st biggest position. SouthState Corp owned approximately 0.09% of iShares 1-3 Year Treasury Bond ETF worth $19,902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.3% during the first quarter. Edgestream Partners L.P. now owns 10,538 shares of the company’s stock worth $862,000 after purchasing an additional 337 shares during the last quarter. Vaughan David Investments LLC IL purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth approximately $807,000. Natixis purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth approximately $4,596,000. CreativeOne Wealth LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 185.0% during the first quarter. CreativeOne Wealth LLC now owns 25,959 shares of the company’s stock worth $2,123,000 after purchasing an additional 16,851 shares during the last quarter. Finally, Rodgers Brothers Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 69.4% during the first quarter. Rodgers Brothers Inc. now owns 12,200 shares of the company’s stock worth $998,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.08 on Tuesday. The business’s fifty day moving average price is $82.60 and its 200 day moving average price is $82.15. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The firm has a market capitalization of $22.17 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2831 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Friday, November 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.