Chapin Davis Inc. Buys 14,046 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Chapin Davis Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, HoldingsChannel.com reports. The firm purchased 14,046 shares of the company’s stock, valued at approximately $1,141,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHY. Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares during the last quarter. 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 worth $1,292,182,000 after buying an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after buying an additional 165,473 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after buying an additional 2,454,485 shares during the period. Finally, Assetmark Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after acquiring an additional 1,002,453 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.20 on Friday. The company’s 50 day simple moving average is $81.60 and its 200 day simple moving average is $81.96. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given 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 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares 1-3 Year Treasury Bond ETF Company 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.