Calamos Wealth Management LLC Acquires New Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Calamos Wealth Management 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 11,768 shares of the company’s stock, valued at approximately $956,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the period. Bank of New York Mellon Corp boosted its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after purchasing an additional 165,473 shares in the last quarter. RPOA Advisors Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $301,889,000. The Manufacturers Life Insurance Company increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after purchasing an additional 2,454,485 shares during the period. Finally, Assetmark Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after purchasing an additional 1,002,453 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $81.63 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The stock’s fifty day moving average is $81.38 and its 200-day moving average is $82.08. The company has a market capitalization of $27.53 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.