Beacon Financial Advisory LLC Increases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Financial Advisory LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 31.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,745 shares of the company’s stock after buying an additional 901 shares during the quarter. Beacon Financial Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $307,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Robertson Stephens Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $415,000. Inman Jager Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $374,000. Choreo LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.9% during the fourth quarter. Choreo LLC now owns 23,895 shares of the company’s stock worth $1,958,000 after purchasing an additional 894 shares during the last quarter. Nvwm LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Nvwm LLC now owns 19,737 shares of the company’s stock worth $1,618,000 after purchasing an additional 270 shares during the period. Finally, Money Concepts Capital Corp grew its position in iShares 1-3 Year Treasury Bond ETF by 3.4% in the 4th quarter. Money Concepts Capital Corp now owns 49,687 shares of the company’s stock valued at $4,073,000 after buying an additional 1,654 shares during the last quarter. 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 $82.06 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The stock has a market capitalization of $23.12 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company’s fifty day moving average is $82.03 and its two-hundred day moving average is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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