Beam Wealth Advisors Inc. Has $3.58 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Beam Wealth Advisors Inc. lowered its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,318 shares of the company’s stock after selling 11,619 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 0.9% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 26th largest position. Beam Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,577,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Personal CFO Solutions LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $292,000. Cahaba Wealth Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.5% during the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after purchasing an additional 133 shares during the period. Seelaus Asset Management LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.3% in the 1st quarter. Seelaus Asset Management LLC now owns 2,790 shares of the company’s stock valued at $230,000 after purchasing an additional 261 shares during the last quarter. Ascent Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $2,912,000. Finally, Penobscot Investment Management Company Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.2% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 25,725 shares of the company’s stock worth $2,124,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $81.84 on Thursday. The stock has a market cap of $25.30 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a 50 day moving average of $82.09 and a 200-day moving average of $82.50. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.81 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.