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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYGet Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $81.76 and last traded at $81.77, with a volume of 1291734 shares trading hands. The stock had previously closed at $82.00.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.3%

The stock has a market capitalization of $25.12 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a 50 day simple moving average of $81.99 and a 200-day simple moving average of $82.39.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Ballast Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 11.0% during the second quarter. Ballast Inc. now owns 245,825 shares of the company’s stock worth $20,185,000 after purchasing an additional 24,410 shares during the period. Buska Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $1,060,000. Heck Capital Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 19.9% in the 2nd quarter. Heck Capital Advisors LLC now owns 114,688 shares of the company’s stock valued at $9,417,000 after acquiring an additional 19,046 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 108,034 shares of the company’s stock valued at $8,871,000 after acquiring an additional 1,452 shares in the last quarter. Finally, Fiduciary Financial Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $291,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

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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