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

SouthState Corp reduced its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,672 shares of the company’s stock after selling 54,989 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 1.2% of SouthState Corp’s portfolio, making the stock its 23rd largest position. SouthState Corp owned about 0.06% of iShares 1-3 Year Treasury Bond ETF worth $14,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $11,513,000. Benjamin Edwards Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 56.5% in the 4th quarter. Benjamin Edwards Inc. now owns 2,295 shares of the company’s stock worth $188,000 after acquiring an additional 829 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 395.7% in the 4th quarter. First Horizon Advisors Inc. now owns 99,772 shares of the company’s stock worth $8,185,000 after buying an additional 79,645 shares during the period. Fisher Asset Management LLC increased its holdings in shares of 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 worth $12,579,000 after purchasing an additional 16,954 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 11.8% in the fourth 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 in 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 during trading hours on Thursday, reaching $81.17. The company’s stock had a trading volume of 3,738,287 shares, compared to its average volume of 4,566,003. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.55 and a 1-year high of $82.60. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01. The company’s 50-day moving average is $81.48 and its two-hundred day moving average 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 paid a dividend of $0.2616 per share. The ex-dividend date is Wednesday, May 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.87%.

About iShares 1-3 Year Treasury Bond ETF

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.