Beam Wealth Advisors Inc. Has $3.58 Million Position in iShares 1-3 Year Treasury Bond ETF $SHY

Beam Wealth Advisors Inc. lessened its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,318 shares of the company’s stock after selling 11,619 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 0.9% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 26th largest position. Beam Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Finally, Valley National Advisers Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ SHY opened at $81.84 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.81 and a 1-year high of $83.20. The company has a market cap of $25.30 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a 50-day moving average of $82.09 and a two-hundred day moving average of $82.50.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.