Davis Rea LTD. Purchases 13,505 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Davis Rea LTD. increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 122.3% during the third quarter, HoldingsChannel reports. The fund owned 24,545 shares of the company’s stock after buying an additional 13,505 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 0.9% of Davis Rea LTD.’s portfolio, making the stock its 22nd largest holding. Davis Rea LTD.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $30,000. Financial Connections Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $31,000. Rational Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $67,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $68,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $76,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.33 on Thursday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.80 and a one year high of $83.30. The stock’s 50-day moving average is $82.79 and its 200 day moving average is $82.07. The firm has a market cap of $22.45 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.2883 per share. The ex-dividend date was Tuesday, September 3rd.

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.