Beacon Harbor Wealth Advisors Inc. Makes New $11.51 Million Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Beacon Harbor Wealth Advisors Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 140,340 shares of the company’s stock, valued at approximately $11,513,000. iShares 1-3 Year Treasury Bond ETF makes up about 3.3% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 56.5% during the fourth quarter. Benjamin Edwards Inc. now owns 2,295 shares of the company’s stock worth $188,000 after purchasing an additional 829 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 395.7% during the fourth quarter. First Horizon Advisors Inc. now owns 99,772 shares of the company’s stock worth $8,185,000 after purchasing an additional 79,645 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 12.4% in the fourth quarter. Fisher Asset Management LLC now owns 153,331 shares of the company’s stock valued at $12,579,000 after acquiring an additional 16,954 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 11.8% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 51,423 shares of the company’s stock valued at $4,219,000 after acquiring an additional 5,423 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $248,000. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1 %

SHY stock traded up $0.11 during trading on Thursday, hitting $81.16. The company had a trading volume of 1,983,574 shares, compared to its average volume of 4,544,364. The business has a 50-day moving average of $81.48 and a 200-day moving average of $81.57. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.60. The stock has a market cap of $24.61 billion, a PE ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.2616 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, May 1st.

iShares 1-3 Year Treasury Bond ETF 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.