Comerica Bank Lowers Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Comerica Bank lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,866 shares of the company’s stock after selling 51,957 shares during the period. Comerica Bank owned about 0.12% of iShares 1-3 Year Treasury Bond ETF worth $30,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TruWealth Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.5% in the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after purchasing an additional 121 shares during the last quarter. Aspire Growth Partners LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.0% in the third quarter. Aspire Growth Partners LLC now owns 13,284 shares of the company’s stock valued at $1,102,000 after purchasing an additional 127 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock valued at $437,000 after purchasing an additional 128 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.8% in the third quarter. Belpointe Asset Management LLC now owns 17,415 shares of the company’s stock valued at $1,445,000 after purchasing an additional 131 shares during the last quarter. Finally, ESL Trust Services LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 6.5% in the third quarter. ESL Trust Services LLC now owns 2,194 shares of the company’s stock valued at $182,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.55 on Tuesday. The firm has a 50-day moving average of $82.61 and a 200-day moving average of $82.79. The company has a market cap of $25.73 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.21 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were issued a $0.2469 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, April 1st.

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.