Beacon Investment Advisory Services Inc. Purchases 11,773 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Beacon Investment Advisory Services Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 697,304 shares of the company’s stock after buying an additional 11,773 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 2.4% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 9th biggest position. Beacon Investment Advisory Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $57,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Alamar Capital Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 182.1% in the 1st quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock valued at $5,198,000 after buying an additional 40,561 shares during the period. Irenic Capital Management LP grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% during the 1st quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after acquiring an additional 24,000 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 96.0% during the 2nd quarter. Silver Oak Securities Incorporated now owns 153,099 shares of the company’s stock valued at $12,686,000 after acquiring an additional 74,972 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $75,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth $1,734,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.79 on Friday. The business’s 50-day moving average price is $82.89 and its two-hundred day moving average price is $82.78. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.81 and a one year high of $83.14. The company has a market capitalization of $23.90 billion, a P/E 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 Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.2548 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.7%.

About iShares 1-3 Year Treasury Bond ETF

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.