Penobscot Investment Management Company Inc. Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Penobscot Investment Management Company Inc. reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,712 shares of the company’s stock after selling 1,200 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares during the period. Proficio Capital Partners LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 11,520.9% during the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock valued at $675,862,000 after purchasing an additional 8,173,293 shares during the period. Raymond James Financial Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $389,029,000. Assetmark Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 94.0% in the fourth quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock worth $334,149,000 after buying an additional 1,975,432 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% in the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after buying an additional 1,123,670 shares during the period. 23.15% of the stock is currently owned by institutional investors.

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

SHY stock opened at $82.50 on Wednesday. The business’s 50-day moving average price is $82.25 and its 200-day moving average price is $82.31. The stock has a market cap of $23.25 billion, a P/E ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.