Coho Partners Ltd. Sells 830 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Coho Partners Ltd. lowered its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,223 shares of the company’s stock after selling 830 shares during the period. Coho Partners Ltd.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,781,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $386,000. First Citizens Financial Corp bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $1,097,000. Platform Technology Partners acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $4,470,000. Foundations Investment Advisors LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5,157.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,376,525 shares of the company’s stock valued at $111,733,000 after buying an additional 1,350,344 shares during the last quarter. Finally, Community Trust & Investment Co. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $912,000. 22.85% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.27 on Friday. The company’s fifty day simple moving average is $81.39 and its 200 day simple moving average is $81.33. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.48 and a 1-year high of $83.87.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, March 2nd were paid a dividend of $0.162 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.15. This represents a $1.94 annualized dividend and a dividend yield of 2.36%.

iShares 1-3 Year Treasury Bond ETF 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.