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

Beacon Investment Advisory Services Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 comprises approximately 2.4% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 7th biggest position. Beacon Investment Advisory Services Inc. owned 0.26% of iShares 1-3 Year Treasury Bond ETF worth $58,544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Captrust Financial Advisors increased its position in iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after buying an additional 3,563,486 shares in the last quarter. Cerity Partners OCIO LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $129,075,000. LPL Financial LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% during the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after acquiring an additional 1,193,337 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after purchasing an additional 546,239 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $44,917,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.32 on Monday. The company has a market capitalization 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 one year low of $80.91 and a one year high of $83.30. The company’s 50-day moving average is $82.42 and its 200 day moving average is $82.21.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.