iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 12-Month Low – Here’s Why

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low on Tuesday . The stock traded as low as $81.79 and last traded at $81.80, with a volume of 2808216 shares. The stock had previously closed at $81.88.

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

The firm has a fifty day moving average of $82.06 and a two-hundred day moving average of $82.48. The company has a market cap of $25.70 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.2383 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

A number of institutional investors have recently modified their holdings of SHY. MCF Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $30,000. 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.