Beacon Investment Advisory Services Inc. Has $61.69 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Beacon Investment Advisory Services Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 744,803 shares of the company’s stock after purchasing an additional 47,499 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 2.5% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 10th biggest holding. Beacon Investment Advisory Services Inc. owned approximately 0.26% of iShares 1-3 Year Treasury Bond ETF worth $61,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SHY. TruWealth Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 4.5% during the fourth 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. Aspire Growth Partners LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.0% during the 3rd quarter. Aspire Growth Partners LLC now owns 13,284 shares of the company’s stock valued at $1,102,000 after buying an additional 127 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock valued at $437,000 after buying an additional 128 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 17,415 shares of the company’s stock worth $1,445,000 after acquiring an additional 131 shares during the period. Finally, ESL Trust Services LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 6.5% during the 3rd quarter. ESL Trust Services LLC now owns 2,194 shares of the company’s stock worth $182,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.39 on Monday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.21 and a fifty-two week high of $83.20. The business has a 50-day moving average of $82.78 and a 200 day moving average of $82.85. The firm has a market cap of $24.08 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 firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.223 per share. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, March 2nd.

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.