Fifth Third Bancorp Sells 24,916 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Fifth Third Bancorp lowered its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 291,499 shares of the company’s stock after selling 24,916 shares during the quarter. Fifth Third Bancorp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $24,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Quent Long Short Global Small Cap Fund LP bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $53,414,000. Harbor Investment Advisory LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 16.7% during the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock worth $3,740,000 after acquiring an additional 6,436 shares in the last quarter. First Horizon Corp bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $2,116,000. Cadence Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $5,524,000. Finally, Childress Capital Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $896,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.25 on Friday. The firm has a 50-day moving average of $82.58 and a 200-day moving average of $82.78. The company has a market cap of $25.46 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.21 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st will be given a dividend of $0.2428 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF Company Profile

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.