iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Purchased by Davis Rea LTD.

Davis Rea LTD. raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,860 shares of the company’s stock after purchasing an additional 4,315 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 1.2% of Davis Rea LTD.’s holdings, making the stock its 18th biggest holding. Davis Rea LTD.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,366,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Eagle Asset Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after buying an additional 1,938 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in iShares 1-3 Year Treasury Bond ETF by 12.1% in the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock valued at $17,316,000 after purchasing an additional 22,721 shares in the last quarter. Zhang Financial LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,859 shares during the period. Purus Wealth Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% during the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after purchasing an additional 530 shares in the last quarter. Finally, Zacks Investment Management boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.8% in the third quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock worth $29,862,000 after buying an additional 9,784 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.47 on Friday. The stock has a 50-day simple moving average of $82.04 and a 200-day simple moving average of $82.34. The firm has a market cap of $23.24 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2735 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.