iShares 1-3 Year Treasury Bond ETF $SHY Shares Newly Acquired by Chapin Davis Inc.

Chapin Davis Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 14,046 shares of the company’s stock, valued at approximately $1,141,000.

Several other hedge funds have also recently added to or reduced their stakes in SHY. Bank of America Corp DE boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after purchasing an additional 3,451,890 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the period. Assetmark Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% during the first quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after acquiring an additional 1,002,453 shares in the last quarter. Captrust Financial Advisors raised its stake in iShares 1-3 Year Treasury Bond ETF by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after acquiring an additional 940,434 shares in the last quarter. Finally, Atwood & Palmer Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $62,267,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $81.20 on Friday. The company’s fifty day moving average is $81.60 and its 200-day moving average is $81.96. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The company has a market capitalization of $26.66 billion, a PE 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 Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.2410 per share. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, October 1st.

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.