Kraft Davis & Associates LLC Makes New Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kraft Davis & Associates LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,356 shares of the company’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners OCIO LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $129,075,000. Mizuho Markets Americas LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $44,917,000. SG Americas Securities LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,533.3% during the second quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock worth $42,633,000 after buying an additional 490,171 shares during the period. LPL Financial LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock worth $446,254,000 after buying an additional 422,978 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after buying an additional 379,718 shares during the period. 23.62% of the stock is currently owned by institutional investors.

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 stock’s 50-day moving average is $82.58 and its 200 day moving average is $82.16. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The firm has a market cap 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 Increases Dividend

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