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

Beam Wealth Advisors Inc. reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 72.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,509 shares of the company’s stock after selling 172,258 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 1.5% of Beam Wealth Advisors Inc.’s holdings, making the stock its 14th largest 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 SEC filing.

A number of other large investors also recently bought and sold shares of SHY. Harbor Investment Advisory LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 16.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock valued at $3,740,000 after purchasing an additional 6,436 shares during the last quarter. First Horizon Corp purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $2,116,000. Childress Capital Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $896,000. JARISLOWSKY FRASER Ltd lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 66.9% during the third quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock valued at $3,445,000 after buying an additional 16,647 shares during the period. Finally, CX Institutional boosted its position in iShares 1-3 Year Treasury Bond ETF by 13.3% during the third quarter. CX Institutional now owns 399,452 shares of the company’s stock worth $33,139,000 after acquiring an additional 46,965 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.69 on Wednesday. The company has a 50 day moving average price of $82.85 and a two-hundred day moving average price of $82.84. The stock 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 one year low of $81.87 and a one year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.