217,817 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Bought by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, HoldingsChannel reports. The firm acquired 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 portfolio, making the stock its 5th largest position.

A number of other institutional investors also recently modified their holdings of the company. Canvas Wealth Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $865,000. Asset One Wealth Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% in the third quarter. Asset One Wealth Management LLC now owns 16,246 shares of the company’s stock valued at $1,319,000 after buying an additional 5,130 shares in the last quarter. Arrow Investment Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $3,029,000. Calamos Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $956,000. Finally, Alamar Capital Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 25.8% in the third quarter. Alamar Capital Management LLC now owns 137,920 shares of the company’s stock valued at $11,199,000 after buying an additional 28,261 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

NASDAQ:SHY traded down $0.04 during mid-day trading on Friday, reaching $81.63. 7,281,400 shares of the company were exchanged, compared to its average volume of 4,269,880. The stock has a market cap of $27.53 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20. The company has a fifty day moving average of $81.38 and a 200 day moving average of $82.08.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.2544 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, November 2nd.

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.