Procyon Advisors LLC Reduces Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Posted by Defense World Staff on Mar 27th, 2023

Procyon Advisors LLC lowered its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,220 shares of the company’s stock after selling 1,892 shares during the period. Procyon Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,235,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Oxbow Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.3% in the third quarter. Oxbow Advisors LLC now owns 9,560 shares of the company’s stock worth $776,000 after purchasing an additional 125 shares during the period. Sargent Bickham Lagudis LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. Sargent Bickham Lagudis LLC now owns 5,885 shares of the company’s stock worth $478,000 after purchasing an additional 132 shares during the period. Webster Bank N. A. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 12.7% in the fourth quarter. Webster Bank N. A. now owns 1,327 shares of the company’s stock worth $108,000 after purchasing an additional 150 shares during the period. Family Management Corp lifted its stake in iShares 1-3 Year Treasury Bond ETF by 22.8% in the third quarter. Family Management Corp now owns 857 shares of the company’s stock valued at $70,000 after buying an additional 159 shares during the last quarter. Finally, Lyell Wealth Management LP lifted its stake in iShares 1-3 Year Treasury Bond ETF by 5.4% in the third quarter. Lyell Wealth Management LP now owns 3,187 shares of the company’s stock valued at $259,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 22.85% of the company’s stock.

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

SHY stock opened at $82.52 on Monday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.48 and a 1 year high of $83.53. The stock’s fifty day moving average is $81.46 and its two-hundred day moving average is $81.32.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Thursday, March 2nd were paid a $0.162 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.36%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, March 1st.

iShares 1-3 Year Treasury Bond ETF Company Profile

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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.