Beacon Investment Advisory Services Inc. Has $53.43 Million Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Investment Advisory Services Inc. lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 651,761 shares of the company’s stock after selling 52,314 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 2.3% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 8th largest holding. Beacon Investment Advisory Services Inc. owned 0.24% of iShares 1-3 Year Treasury Bond ETF worth $53,431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SHY. EverSource Wealth Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 66.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,509 shares of the company’s stock valued at $371,000 after purchasing an additional 1,796 shares during the period. Insigneo Advisory Services LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $592,000. Wescott Financial Advisory Group LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.9% in the second quarter. Wescott Financial Advisory Group LLC now owns 27,500 shares of the company’s stock valued at $2,245,000 after buying an additional 1,539 shares during the last quarter. Kingfisher Capital LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.3% during the 2nd quarter. Kingfisher Capital LLC now owns 6,954 shares of the company’s stock worth $568,000 after acquiring an additional 223 shares during the period. Finally, Daymark Wealth Partners LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% during the 2nd quarter. Daymark Wealth Partners LLC now owns 5,461 shares of the company’s stock worth $446,000 after acquiring an additional 300 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

SHY opened at $82.09 on Thursday. The stock’s fifty day simple moving average is $82.02 and its 200 day simple moving average is $82.34. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The stock has a market cap of $22.99 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.2804 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.