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

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Free Report) hit a new 52-week low on Friday . The company traded as low as $82.09 and last traded at $82.10, with a volume of 163032 shares traded. The stock had previously closed at $82.16.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The stock has a market capitalization of $25.13 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average price of $82.45 and a two-hundred day moving average price of $82.73.

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iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.2428 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, May 1st.

Institutional Investors Weigh In On iShares 1-3 Year Treasury Bond ETF

A number of large investors have recently made changes to their positions in the business. Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% during the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after purchasing an additional 6,281,496 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 purchasing an additional 4,206,546 shares in the last quarter. Pinebridge Investments Asia Ltd. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $270,573,000. Mizuho Markets Americas LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% during the third quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock valued at $414,820,000 after purchasing an additional 2,414,144 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% during the fourth 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 in the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Company Profile

(Get Free Report)

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.

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