Allspring Global Investments Holdings LLC Sells 27,700 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Allspring Global Investments Holdings LLC trimmed its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 421,143 shares of the company’s stock after selling 27,700 shares during the period. Allspring Global Investments Holdings LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $34,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MCF Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $29,000. Valley National Advisers Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $33,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter worth $38,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $81.99 on Monday. The company has a market capitalization of $25.61 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The business has a fifty day simple moving average of $82.04 and a two-hundred day simple moving average of $82.46. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.79 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.5%.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report).

Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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