Hanlon Investment Management Inc. Sells 3,442 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Hanlon Investment Management Inc. cut its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 72,995 shares of the company’s stock after selling 3,442 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 1.8% of Hanlon Investment Management Inc.’s investment portfolio, making the stock its 12th largest holding. Hanlon Investment Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,960,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. WestEnd Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $30,000. Financial Connections Group Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $31,000. Criterion Capital Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $35,000. Future Financial Wealth Managment LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $36,000. Finally, Mather Group LLC. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth $39,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.96 on Friday. The firm’s 50-day moving average is $82.28 and its 200-day moving average is $81.75. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.62 and a 52-week high of $83.06.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.2883 per share. The ex-dividend date was Tuesday, September 3rd.

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.