Montecito Bank & Trust Decreases Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Montecito Bank & Trust lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,348 shares of the company’s stock after selling 1,000 shares during the quarter. Montecito Bank & Trust’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Logan Capital Management Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $37,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $68,000. Creative Financial Designs Inc. ADV increased its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares during the period. Eagle Bay Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $76,000. Finally, Bristlecone Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $78,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.14 on Friday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock has a market cap of $23.00 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm’s fifty day moving average price is $82.02 and its 200-day moving average price is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%.

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.