Beacon Investment Advisory Services Inc. Sells 6,426 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Beacon Investment Advisory Services Inc. reduced its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 775,709 shares of the company’s stock after selling 6,426 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 2.4% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 9th largest position. Beacon Investment Advisory Services Inc. owned about 0.25% of iShares 1-3 Year Treasury Bond ETF worth $63,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. Pinebridge Investments Asia Ltd. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $270,573,000. The Manufacturers Life Insurance Company boosted its position in iShares 1-3 Year Treasury Bond ETF by 534.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after buying an additional 1,887,420 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $121,919,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $81.92 on Friday. The firm has a market cap of $25.09 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.75 and a one year high of $83.20. The stock’s 50 day simple moving average is $81.95 and its 200 day simple moving average is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a $0.2508 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd.

About iShares 1-3 Year Treasury Bond ETF

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.