Leuthold Group LLC Acquires New Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Leuthold Group LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, Holdings Channel reports. The firm acquired 142,902 shares of the company’s stock, valued at approximately $11,604,000. iShares 1-3 Year Treasury Bond ETF comprises 1.1% of Leuthold Group LLC’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHY. Private Management Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $2,415,000. Clear Wave Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 5.7% during the third quarter. Clear Wave Wealth Management LLC now owns 202,512 shares of the company’s stock valued at $16,444,000 after buying an additional 10,982 shares in the last quarter. Syntax Research Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 9.6% during the third quarter. Syntax Research Inc. now owns 167,869 shares of the company’s stock valued at $13,631,000 after buying an additional 14,672 shares in the last quarter. Brickley Wealth Management grew its holdings in iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Brickley Wealth Management now owns 5,951 shares of the company’s stock worth $483,000 after acquiring an additional 147 shares during the period. Finally, M Holdings Securities Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $371,000. Institutional investors own 23.15% of the company’s stock.

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

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.59 on Tuesday. The company’s 50-day moving average price is $81.37 and its two-hundred day moving average price is $82.08. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The stock has a market cap of $27.54 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.2544 per share. This is a boost 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 of this dividend was Monday, November 2nd.

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.