Procyon Advisors LLC Has $1.10 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Procyon Advisors LLC lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,406 shares of the company’s stock after selling 1,501 shares during the quarter. Procyon Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,099,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SHY. Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $37,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Creative Financial Designs Inc. ADV increased its stake in shares of 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 valued at $73,000 after buying an additional 167 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $76,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $78,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0 %

Shares of SHY stock opened at $82.08 on Friday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The stock has a 50-day moving average price of $82.01 and a 200 day moving average price of $82.31.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.