iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sets New 12-Month Low – Time to Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s stock price reached a new 52-week low on Thursday . The company traded as low as $81.51 and last traded at $81.5150, with a volume of 458303 shares trading hands. The stock had previously closed at $81.63.

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

The firm’s fifty day simple moving average is $81.87 and its 200-day simple moving average is $82.18. The firm has a market capitalization of $24.92 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.244 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Several institutional investors have recently added to or reduced their stakes in SHY. Northwestern Mutual Wealth Management Co. increased its position in iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares during the last quarter. Bank of America Corp DE boosted 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 last quarter. Pinebridge Investments Asia Ltd. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $270,573,000. The Manufacturers Life Insurance Company grew its stake 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, The Manufacturers Life Insurance Company grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after purchasing an additional 1,887,420 shares during the period. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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.