D.A. Davidson & CO. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 176,560 shares of the company’s stock, valued at approximately $14,337,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Apella Capital LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 327.6% in the 3rd quarter. Apella Capital LLC now owns 152,694 shares of the company’s stock valued at $12,393,000 after purchasing an additional 116,984 shares in the last quarter. Innova Wealth Partners grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 134.6% during the first quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock worth $26,269,000 after purchasing an additional 182,540 shares during the last quarter. Baird Financial Group Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 5.5% during the second quarter. Baird Financial Group Inc. now owns 303,706 shares of the company’s stock worth $24,937,000 after buying an additional 15,954 shares during the period. Silicon Valley Capital Partners grew its position in iShares 1-3 Year Treasury Bond ETF by 12.5% during the 2nd quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after purchasing an additional 64,060 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $1,140,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Performance
Shares of SHY opened at $81.58 on Friday. The company has a market capitalization of $27.44 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20. The firm has a 50-day simple moving average of $81.43 and a 200-day simple moving average of $82.12.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2410 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.5%.
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.
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