Beacon Financial Group Trims Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Beacon Financial Group lowered its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,795 shares of the company’s stock after selling 11,780 shares during the quarter. Beacon Financial Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,030,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SHY. Hantz Financial Services Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at approximately $25,000. Delos Wealth Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $29,000. Howe & Rusling Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after purchasing an additional 361 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in iShares 1-3 Year Treasury Bond ETF by 45.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

NASDAQ:SHY opened at $82.97 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.67 and a 52 week high of $83.14. The stock’s fifty day moving average is $82.93 and its two-hundred day moving average is $82.76. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a dividend of $0.2488 per share. The ex-dividend date was Monday, December 1st.

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.