Mechanics Bank Trust Department Sells 1,777 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mechanics Bank Trust Department cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,165 shares of the company’s stock after selling 1,777 shares during the period. Mechanics Bank Trust Department’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SHY. Beacon Wealthcare LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 21.9% in the first quarter. Beacon Wealthcare LLC now owns 63,354 shares of the company’s stock worth $5,181,000 after buying an additional 11,387 shares in the last quarter. AdvisorNet Financial Inc raised its stake in iShares 1-3 Year Treasury Bond ETF by 4.9% in the first quarter. AdvisorNet Financial Inc now owns 119,457 shares of the company’s stock worth $9,769,000 after buying an additional 5,606 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $92,000. Compton Wealth Advisory Group LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $1,767,000. Finally, &PARTNERS bought a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $1,490,000. 23.62% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $81.66 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.55 and a 1 year high of $82.39. The company has a market cap of $24.53 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm has a 50-day moving average of $81.37 and a 200 day moving average of $81.63.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a $0.2621 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Monday, June 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.