Truist Financial Corp Trims Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Truist Financial Corp reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,647,785 shares of the company’s stock after selling 15,795 shares during the quarter. Truist Financial Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $219,660,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $25,000. Pflug Koory LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 637.8% during the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 287 shares during the period. Delos Wealth Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $29,000. Howe & Rusling Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the second quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock worth $30,000 after purchasing an additional 361 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $38,000. 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 $82.89 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.87 and a one year high of $83.14. The company’s fifty day moving average price is $82.86 and its 200-day moving average price is $82.83. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a $0.2548 dividend. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a yield of 3.7%.

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.