DAVENPORT & Co LLC Grows Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

DAVENPORT & Co LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 90.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 170,248 shares of the company’s stock after buying an additional 80,977 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $13,957,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 24.8% in the 2nd quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock valued at $5,182,000 after purchasing an additional 12,625 shares during the last quarter. New Capital Management LP boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% in the third quarter. New Capital Management LP now owns 36,127 shares of the company’s stock valued at $3,004,000 after acquiring an additional 319 shares in the last quarter. LifeGuide Financial Advisors LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 4.1% during the third quarter. LifeGuide Financial Advisors LLC now owns 24,820 shares of the company’s stock worth $2,064,000 after purchasing an additional 976 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.9% in the 3rd quarter. Atwood & Palmer Inc. now owns 506,319 shares of the company’s stock valued at $42,100,000 after purchasing an additional 18,825 shares in the last quarter. Finally, Axiom Advisory LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 12,800 shares of the company’s stock worth $1,056,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.29 on Monday. The business has a 50 day simple moving average of $82.04 and a 200-day simple moving average of $82.36. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The stock has a market capitalization of $23.21 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%.

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.