Dover Advisors LLC Makes New Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Dover Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,287 shares of the company’s stock, valued at approximately $1,171,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Birchcreek Wealth Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 15.0% in the fourth quarter. Birchcreek Wealth Management LLC now owns 192,217 shares of the company’s stock worth $15,758,000 after acquiring an additional 25,035 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $1,848,000. KM Capital Management Ltd. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 125.5% in the 4th quarter. KM Capital Management Ltd. now owns 7,043 shares of the company’s stock valued at $577,000 after purchasing an additional 3,920 shares during the period. Cabot Wealth Management Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 0.3% in the 4th quarter. Cabot Wealth Management Inc. now owns 59,923 shares of the company’s stock worth $4,912,000 after purchasing an additional 161 shares during the last quarter. Finally, Howard Capital Management Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 21.5% in the 4th quarter. Howard Capital Management Inc. now owns 17,193 shares of the company’s stock worth $1,409,000 after purchasing an additional 3,046 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.24 on Monday. The company has a 50-day simple moving average of $82.01 and a 200-day simple moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The firm has a market capitalization of $23.18 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2735 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

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.