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

Beacon Financial Advisory LLC trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 57.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,844 shares of the company’s stock after selling 3,818 shares during the period. Beacon Financial Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $236,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. WestEnd Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $30,000. Financial Connections Group Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $31,000. Rational Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $67,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $68,000. Finally, Creative Financial Designs Inc. ADV grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after acquiring an additional 167 shares during the period. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Thursday. The stock has a market cap of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock’s fifty day moving average is $82.72 and its 200 day moving average is $82.10. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.2831 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.