D.A. Davidson & CO. Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

D.A. Davidson & CO. grew its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,891 shares of the company’s stock after buying an additional 40,107 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,923,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $53,414,000. Harbor Investment Advisory LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.7% during the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock valued at $3,740,000 after acquiring an additional 6,436 shares during the last quarter. First Horizon Corp acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $2,116,000. Cadence Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $5,524,000. Finally, Childress Capital Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $896,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

SHY opened at $82.55 on Tuesday. The firm has a market cap of $25.73 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.21 and a 52 week high of $83.20. The business’s fifty day simple moving average is $82.61 and its 200 day simple moving average is $82.79.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were paid a dividend of $0.2469 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.