Beam Wealth Advisors Inc. Has $19.75 Million Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beam Wealth Advisors Inc. lowered its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,883 shares of the company’s stock after selling 82,118 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 6.2% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Beam Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $19,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its position in iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the last quarter. Proficio Capital Partners LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after purchasing an additional 8,173,293 shares during the last quarter. LPL Financial LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after purchasing an additional 1,193,337 shares during the last quarter. Bank of Montreal Can boosted its position in iShares 1-3 Year Treasury Bond ETF by 0.8% in the third quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock worth $427,620,000 after purchasing an additional 41,969 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $389,029,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.39 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The business’s fifty day moving average price is $82.11 and its 200-day moving average price is $82.34. The stock has a market capitalization of $23.22 billion, a PE ratio of 3,755.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

iShares 1-3 Year Treasury Bond ETF Company 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.