Beacon Investment Advisory Services Inc. Boosts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Investment Advisory Services Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.0% during the third quarter, HoldingsChannel.com reports. The fund owned 704,075 shares of the company’s stock after buying an additional 6,743 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 2.4% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 7th biggest position. Beacon Investment Advisory Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $58,544,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Benjamin Edwards Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2,772.4% in the third quarter. Benjamin Edwards Inc. now owns 482,622 shares of the company’s stock worth $40,130,000 after acquiring an additional 465,820 shares during the period. Kestra Investment Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $267,000. Edgestream Partners L.P. boosted its position in iShares 1-3 Year Treasury Bond ETF by 161.6% in the third quarter. Edgestream Partners L.P. now owns 110,055 shares of the company’s stock worth $9,151,000 after purchasing an additional 67,989 shares during the last quarter. NCM Capital Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 50.2% during the 3rd quarter. NCM Capital Management LLC now owns 8,735 shares of the company’s stock valued at $726,000 after purchasing an additional 2,920 shares during the period. Finally, L.M. Kohn & Company increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.1% during the 3rd quarter. L.M. Kohn & Company now owns 5,102 shares of the company’s stock valued at $424,000 after purchasing an additional 203 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1 %

SHY opened at $82.32 on Monday. The company’s 50 day moving average is $82.42 and its 200 day moving average is $82.21. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Friday, November 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.