Beacon Financial Group Buys 3,095 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Financial Group boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 35.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,837 shares of the company’s stock after acquiring an additional 3,095 shares during the period. Beacon Financial Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $970,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHY. Occidental Asset Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $261,000. Zhang Financial LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.8% during the 3rd quarter. Zhang Financial LLC now owns 10,842 shares of the company’s stock worth $902,000 after buying an additional 499 shares in the last quarter. Brady Family Wealth LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.2% during the 3rd quarter. Brady Family Wealth LLC now owns 49,841 shares of the company’s stock worth $4,144,000 after buying an additional 1,549 shares in the last quarter. Asset Dedication LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% during the 3rd quarter. Asset Dedication LLC now owns 2,162 shares of the company’s stock worth $180,000 after buying an additional 168 shares in the last quarter. Finally, Market Street Wealth Management Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $218,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.88 on Thursday. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock’s 50 day moving average price is $82.02 and its two-hundred day moving average price is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2735 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

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.