SouthState Corp Lowers Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SouthState Corp cut its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,672 shares of the company’s stock after selling 54,989 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up 1.2% of SouthState Corp’s investment portfolio, making the stock its 23rd largest position. SouthState Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $14,576,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SHY. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $11,513,000. Benjamin Edwards Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 56.5% during the fourth quarter. Benjamin Edwards Inc. now owns 2,295 shares of the company’s stock valued at $188,000 after acquiring an additional 829 shares during the period. First Horizon Advisors Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 395.7% in the fourth quarter. First Horizon Advisors Inc. now owns 99,772 shares of the company’s stock worth $8,185,000 after purchasing an additional 79,645 shares during the period. Fisher Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 12.4% in the 4th quarter. Fisher Asset Management LLC now owns 153,331 shares of the company’s stock valued at $12,579,000 after acquiring an additional 16,954 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 11.8% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 51,423 shares of the company’s stock valued at $4,219,000 after acquiring an additional 5,423 shares during the last quarter. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY traded up $0.12 on Thursday, hitting $81.17. 3,738,287 shares of the company were exchanged, compared to its average volume of 4,566,003. The firm has a market capitalization of $24.61 billion, a P/E ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60. The company’s 50 day moving average price is $81.48 and its 200-day moving average price is $81.57.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be given a $0.2616 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $3.14 annualized dividend and a dividend yield of 3.87%.

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.