Commerce Bank Sells 3,925 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Commerce Bank cut its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,034 shares of the company’s stock after selling 3,925 shares during the period. Commerce Bank’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,165,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SHY. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $30,000. Financial Connections Group Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $31,000. Global Trust Asset Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $68,000. Rational Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth $67,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after buying an additional 167 shares during the period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of SHY opened at $82.01 on Friday. The company’s fifty day simple moving average is $82.51 and its 200-day simple moving average is $82.17. The company has a market cap of $22.15 billion, a P/E ratio of 3,695.45 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 Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.2831 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Friday, November 1st.

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.