Beacon Financial Group Grows Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Financial Group lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 843.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,665 shares of the company’s stock after buying an additional 99,828 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up 1.0% of Beacon Financial Group’s portfolio, making the stock its 22nd biggest position. Beacon Financial Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,238,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHY. Accredited Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $30,000. Van ECK Associates Corp boosted its position in iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after purchasing an additional 187 shares during the last quarter. Millstone Evans Group LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $32,000. Finally, Carolinas Wealth Consulting LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 162.2% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock valued at $34,000 after purchasing an additional 253 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.44 on Thursday. The stock has a 50-day simple moving average of $82.58 and a two-hundred day simple moving average of $82.30. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.26 and a 52-week high of $83.30. The firm has a market capitalization of $24.21 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.2718 per share. This represents a $3.26 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.