Hsbc Holdings PLC Sells 127,393 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Hsbc Holdings PLC lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,889 shares of the company’s stock after selling 127,393 shares during the period. Hsbc Holdings PLC owned 0.20% of iShares 1-3 Year Treasury Bond ETF worth $48,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHY. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $30,000. Financial Connections Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $31,000. Criterion Capital Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $36,000. Finally, Mather Group LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at $39,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ SHY opened at $83.21 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.62 and a 12 month high of $83.24. The stock’s fifty day moving average price is $82.58 and its 200-day moving average price is $81.85. The stock has a market cap of $24.68 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.2883 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.