Beacon Wealthcare LLC Increases Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Beacon Wealthcare LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 122,440 shares of the company’s stock after purchasing an additional 16,692 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 3.2% of Beacon Wealthcare LLC’s investment portfolio, making the stock its 6th largest holding. Beacon Wealthcare LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,942,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SHY. Captrust Financial Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after purchasing an additional 940,434 shares during the last quarter. Bank of America Corp DE raised its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after buying an additional 3,451,890 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after buying an additional 467,629 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

iShares 1-3 Year Treasury Bond ETF stock traded down $0.04 during trading hours on Friday, reaching $81.06. 1,740,477 shares of the company’s stock were exchanged, compared to its average volume of 4,281,387. The firm’s 50 day simple moving average is $81.68 and its 200 day simple moving average is $82.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20. The firm has a market capitalization of $26.13 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.