iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Hits New 52-Week Low – Should You Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $81.24 and last traded at $81.1950, with a volume of 478104 shares traded. The stock had previously closed at $81.32.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2%

The business has a 50-day moving average price of $81.79 and a 200 day moving average price of $82.09. The stock has a market cap of $25.97 billion, a PE ratio of 3,747.73 and a beta of 0.05.

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iShares 1-3 Year Treasury Bond ETF Announces Dividend

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

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Silicon Valley Capital Partners boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 12.5% in the 2nd quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock valued at $47,300,000 after purchasing an additional 64,060 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $82,000. Core Capital Management & Research inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $15,754,000. The Manufacturers Life Insurance Company grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after purchasing an additional 2,454,485 shares in the last quarter. Finally, Blue Edge Capital LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,059.5% in the second quarter. Blue Edge Capital LLC now owns 264,332 shares of the company’s stock worth $21,704,000 after purchasing an additional 241,534 shares during 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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