Truist Financial Corp Sells 305,906 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Truist Financial Corp lowered its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,635,036 shares of the company’s stock after selling 305,906 shares during the quarter. Truist Financial Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $380,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortitude Family Office LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $45,000. Impact Partnership Wealth LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 114.4% in the third quarter. Impact Partnership Wealth LLC now owns 641 shares of the company’s stock worth $52,000 after acquiring an additional 342 shares during the period. Cedar Mountain Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $55,000. Financial Gravity Asset Management Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after acquiring an additional 625 shares during the period. Finally, Halpern Financial Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

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

Shares of NASDAQ:SHY traded up $0.02 during mid-day trading on Friday, reaching $81.21. The company had a trading volume of 3,052,450 shares, compared to its average volume of 4,538,988. The company’s 50-day moving average price is $81.51 and its 200-day moving average price is $81.56. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.60. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2705 per share. The ex-dividend date was Monday, April 1st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.00%.

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.