Beacon Financial Group Acquires 99,828 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Financial Group raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 843.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,665 shares of the company’s stock after buying an additional 99,828 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 1.0% of Beacon Financial Group’s investment portfolio, making the stock its 22nd largest 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 hedge funds also recently made changes to their positions in the company. Columbus Macro LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 28.4% during the fourth quarter. Columbus Macro LLC now owns 4,285 shares of the company’s stock valued at $351,000 after buying an additional 948 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in iShares 1-3 Year Treasury Bond ETF by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 38,388 shares of the company’s stock valued at $3,147,000 after buying an additional 6,506 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 18.0% during the fourth quarter. Stratos Wealth Advisors LLC now owns 48,840 shares of the company’s stock valued at $4,004,000 after buying an additional 7,445 shares during the last quarter. Stratos Investment Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $223,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in iShares 1-3 Year Treasury Bond ETF by 9.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,194 shares of the company’s stock valued at $10,585,000 after buying an additional 10,740 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2%

Shares of NASDAQ:SHY opened at $82.44 on Thursday. The stock has a fifty day simple moving average of $82.58 and a two-hundred day simple moving average of $82.30. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.26 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.