Beacon Financial Group Sells 78,577 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Beacon Financial Group decreased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 90.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,664 shares of the company’s stock after selling 78,577 shares during the quarter. Beacon Financial Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $715,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. TruWealth Advisors LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 4.5% in the 4th quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after purchasing an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after buying an additional 126 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after buying an additional 126 shares in the last quarter. Tower View Wealth Management LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% in the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after acquiring an additional 132 shares during the period. Finally, Cahaba Wealth Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% in the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after acquiring an additional 133 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $81.88 on Friday. The company’s 50-day simple moving average is $82.07 and its 200 day simple moving average is $82.49. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.81 and a 52 week high of $83.20. The company has a market capitalization of $25.31 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders 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 yield of 3.5%.

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.