Kraft Davis & Associates LLC Acquires Shares of 4,356 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kraft Davis & Associates LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,356 shares of the company’s stock, valued at approximately $359,000.

Several other hedge funds have also recently bought and sold shares of the stock. WestEnd Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $30,000. Financial Connections Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $31,000. Global Trust Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Rational Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $67,000. Finally, Creative Financial Designs Inc. ADV raised its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.08 on Wednesday. The firm’s 50-day moving average price is $82.58 and its two-hundred day moving average price is $82.16. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.2831 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

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.