SouthState Bank Corp Grows Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

SouthState Bank Corp grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 422,030 shares of the company’s stock after purchasing an additional 26,672 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 1.6% of SouthState Bank Corp’s investment portfolio, making the stock its 13th biggest position. SouthState Bank Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $35,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $25,000. Pflug Koory LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% during the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 287 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $29,000. Howe & Rusling Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 36,100.0% during the second quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock worth $30,000 after buying an additional 361 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $38,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.73 on Thursday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.87 and a one year high of $83.14. The firm’s fifty day moving average is $82.84 and its 200 day moving average is $82.84. The firm has a market cap of $24.25 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.