Davis Rea LTD. Decreases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Davis Rea LTD. lessened its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 18.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,830 shares of the company’s stock after selling 6,200 shares during the period. Davis Rea LTD.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHY. MassMutual Private Wealth & Trust FSB lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 45.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after buying an additional 125 shares during the last quarter. Procyon Advisors LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.2% during the 2nd quarter. Procyon Advisors LLC now owns 16,546 shares of the company’s stock worth $1,371,000 after acquiring an additional 3,639 shares in the last quarter. Sunpointe LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $276,000. Focus Financial Network Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 3.4% during the second quarter. Focus Financial Network Inc. now owns 94,845 shares of the company’s stock worth $7,859,000 after purchasing an additional 3,135 shares during the last quarter. Finally, Tompkins Financial Corp boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 8.5% in the second quarter. Tompkins Financial Corp now owns 120,556 shares of the company’s stock valued at $9,989,000 after purchasing an additional 9,473 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.81 on Friday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.87 and a 52 week high of $83.14. The firm’s 50 day moving average is $82.86 and its two-hundred day moving average is $82.81. The firm has a market capitalization of $23.68 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a $0.2548 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th.

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.