iShares 1-3 Year Treasury Bond ETF $SHY Shares Sold by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. lessened its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 72.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,509 shares of the company’s stock after selling 172,258 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 1.5% of Beam Wealth Advisors Inc.’s holdings, making the stock its 14th biggest holding. Beam Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SHY. OLD National Bancorp IN lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 65.8% in the 2nd quarter. OLD National Bancorp IN now owns 10,008 shares of the company’s stock valued at $829,000 after purchasing an additional 3,973 shares during the last quarter. Merit Financial Group LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 645.1% in the second quarter. Merit Financial Group LLC now owns 68,848 shares of the company’s stock valued at $5,705,000 after buying an additional 59,608 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.2% in the second quarter. Belpointe Asset Management LLC now owns 17,284 shares of the company’s stock valued at $1,432,000 after acquiring an additional 2,534 shares during the period. Tcfg Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 46.7% in the 2nd quarter. Tcfg Wealth Management LLC now owns 6,282 shares of the company’s stock valued at $521,000 after acquiring an additional 1,999 shares during the period. Finally, Stephen J. Garry & Associates LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 12.9% in the 2nd quarter. Stephen J. Garry & Associates LLC now owns 29,872 shares of the company’s stock valued at $2,475,000 after purchasing an additional 3,415 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.69 on Wednesday. The company has a market capitalization of $24.24 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.87 and a 1 year high of $83.14. The company’s fifty day moving average is $82.85 and its two-hundred day moving average is $82.84.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.6%.

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.