Davis Rea LTD. Boosts Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Davis Rea LTD. grew its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,860 shares of the company’s stock after buying an additional 4,315 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 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 quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Center For Asset Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 5.8% during the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after buying an additional 145 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock valued at $582,000 after purchasing an additional 147 shares during the last quarter. Acorn Wealth Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock worth $2,199,000 after buying an additional 152 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.6% in the third quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock valued at $818,000 after buying an additional 153 shares during the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.47 on Friday. The firm’s 50 day moving average price is $82.04 and its 200 day moving average price is $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 firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2735 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 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.