iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Gemmer Asset Management LLC

Gemmer Asset Management LLC cut its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 18.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,203 shares of the company’s stock after selling 14,820 shares during the period. Gemmer Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,568,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock worth $3,728,910,000 after purchasing an additional 45,609,923 shares in the last quarter. LPL Financial LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 6.5% in the first quarter. LPL Financial LLC now owns 6,855,478 shares of the company’s stock worth $567,154,000 after purchasing an additional 417,922 shares in the last quarter. Raymond James Financial Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 6.8% in the first quarter. Raymond James Financial Inc. now owns 5,068,597 shares of the company’s stock worth $419,325,000 after purchasing an additional 323,185 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 13.8% in the first quarter. Ameriprise Financial Inc. now owns 4,043,180 shares of the company’s stock worth $334,519,000 after purchasing an additional 490,469 shares in the last quarter. Finally, Truist Financial Corp grew its stake in iShares 1-3 Year Treasury Bond ETF by 10.5% in the first quarter. Truist Financial Corp now owns 3,032,043 shares of the company’s stock worth $250,841,000 after purchasing an additional 288,507 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.79 on Friday. The company has a market capitalization of $23.97 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.12. The stock has a 50-day simple moving average of $82.80 and a 200 day simple moving average of $82.63.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be issued a $0.2563 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.