TCTC Holdings LLC Sells 830 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

TCTC Holdings LLC trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 59.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 570 shares of the company’s stock after selling 830 shares during the quarter. TCTC Holdings LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $47,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after buying an additional 422,978 shares during the period. Captrust Financial Advisors lifted its position in iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after purchasing an additional 379,718 shares during the last quarter. Raymond James & Associates boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% during the second quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock valued at $246,738,000 after purchasing an additional 250,959 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock worth $135,391,000 after purchasing an additional 83,881 shares during the last quarter. Finally, Cerity Partners OCIO LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $129,075,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1 %

NASDAQ:SHY opened at $82.07 on Friday. The firm has a market capitalization of $22.17 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company has a fifty day moving average of $82.69 and a 200 day moving average of $82.11. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.