Brown Advisory Inc. Decreases Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Posted by Defense World Staff on Aug 16th, 2023

Brown Advisory Inc. lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 60.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,261 shares of the company’s stock after selling 15,815 shares during the quarter. Brown Advisory Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $843,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SHY. WestEnd Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $26,000. Coppell Advisory Solutions Corp. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $30,000. American National Bank increased its holdings in iShares 1-3 Year Treasury Bond ETF by 53.4% in the 1st quarter. American National Bank now owns 428 shares of the company’s stock worth $35,000 after acquiring an additional 149 shares during the last quarter. Global Wealth Management Investment Advisory Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $35,000. Finally, Okabena Investment Services Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 15.52% of the company’s stock.

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

SHY stock opened at $80.93 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.48 and a twelve month high of $82.74. The stock has a 50-day simple moving average of $81.10 and a two-hundred day simple moving average of $81.71.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 7th. Shareholders of record on Wednesday, August 2nd were issued a dividend of $0.2118 per share. This represents a $2.54 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Tuesday, August 1st.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.