Mader & Shannon Wealth Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 217,817 shares of the company’s stock, valued at approximately $17,687,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 7.4% of Mader & Shannon Wealth Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Mader & Shannon Wealth Management Inc. owned approximately 0.06% of iShares 1-3 Year Treasury Bond ETF at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SHY. TD Waterhouse Canada Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock worth $1,618,000 after buying an additional 141 shares during the last quarter. Centaurus Financial Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 6.8% during the first quarter. Centaurus Financial Inc. now owns 2,604 shares of the company’s stock valued at $215,000 after buying an additional 165 shares in the last quarter. L.K. Benson & Company P.C. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the third quarter. L.K. Benson & Company P.C. now owns 14,164 shares of the company’s stock worth $1,150,000 after buying an additional 171 shares during the last quarter. XY Planning Network Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% in the third quarter. XY Planning Network Inc. now owns 10,040 shares of the company’s stock worth $815,000 after buying an additional 178 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.4% in the second quarter. IFC & Insurance Marketing Inc. now owns 3,739 shares of the company’s stock worth $307,000 after buying an additional 190 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 Down 0.0%
SHY stock traded down $0.04 during midday trading on Friday, hitting $81.63. 7,281,400 shares of the company traded hands, compared to its average volume of 4,269,880. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.95 and a twelve month high of $83.20. The business has a 50 day simple moving average of $81.38 and a 200-day simple moving average of $82.08. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a $0.2544 dividend. The ex-dividend date was Monday, November 2nd. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.
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.
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