DAVENPORT & Co LLC Lowers Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

DAVENPORT & Co LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,614 shares of the company’s stock after selling 6,361 shares during the period. DAVENPORT & Co LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SHY. Franklin Resources Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 6.4% in the second quarter. Franklin Resources Inc. now owns 47,674 shares of the company’s stock valued at $3,950,000 after purchasing an additional 2,851 shares during the period. XTX Topco Ltd increased its holdings in iShares 1-3 Year Treasury Bond ETF by 136.5% during the 2nd quarter. XTX Topco Ltd now owns 7,233 shares of the company’s stock worth $599,000 after purchasing an additional 4,175 shares during the period. J.W. Cole Advisors Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 10.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 25,551 shares of the company’s stock worth $2,117,000 after purchasing an additional 2,362 shares during the period. Choreo LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 79.4% during the 2nd quarter. Choreo LLC now owns 21,546 shares of the company’s stock valued at $1,785,000 after purchasing an additional 9,536 shares in the last quarter. Finally, GM Advisory Group LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 2.6% during the 2nd quarter. GM Advisory Group LLC now owns 832,544 shares of the company’s stock valued at $68,985,000 after purchasing an additional 21,288 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2%

Shares of SHY stock opened at $82.22 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.21 and a twelve month high of $83.20. The stock has a fifty day simple moving average of $82.79 and a two-hundred day simple moving average of $82.86. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.223 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, March 2nd.

iShares 1-3 Year Treasury Bond ETF 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.