Mader & Shannon Wealth Management Inc. Acquires New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

Mader & Shannon Wealth Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 443,597 shares of the company’s stock, valued at approximately $36,756,000. iShares 1-3 Year Treasury Bond ETF comprises about 20.0% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its largest position.

A number of other large investors have also recently added to or reduced their stakes in SHY. Kingstone Capital Partners Texas LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock valued at $3,728,910,000 after acquiring an additional 45,609,923 shares during the last quarter. Criteria Caixa S.A.U. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $165,720,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in iShares 1-3 Year Treasury Bond ETF by 8,173.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,563,762 shares of the company’s stock valued at $129,370,000 after purchasing an additional 1,544,860 shares during the period. Advisors Preferred LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 460.7% in the first quarter. Advisors Preferred LLC now owns 1,240,581 shares of the company’s stock valued at $102,323,000 after purchasing an additional 1,019,314 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in iShares 1-3 Year Treasury Bond ETF by 2,745.4% in the first quarter. The Manufacturers Life Insurance Company now owns 873,709 shares of the company’s stock valued at $72,282,000 after purchasing an additional 843,003 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ SHY opened at $83.06 on Friday. The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.14. The business’s 50 day moving average is $82.90 and its two-hundred day moving average is $82.67.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a $0.2563 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.