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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Free Report) reached a new 52-week low during trading on Thursday. The company traded as low as $80.98 and last traded at $80.9650, with a volume of 19011 shares traded. The stock had previously closed at $81.20.

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

The firm has a fifty day moving average price of $81.70 and a 200 day moving average price of $82.02. The company has a market cap of $26.11 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

Get iShares 1-3 Year Treasury Bond ETF alerts:

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.2410 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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

A number of large investors have recently modified their holdings of SHY. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 122.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 254,998 shares of the company’s stock valued at $20,938,000 after purchasing an additional 140,215 shares during the last quarter. Silicon Valley Capital Partners raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 12.5% during the second quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after acquiring an additional 64,060 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $82,000. Core Capital Management & Research inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $15,754,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in 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. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Stories

• Five stocks we like better than iShares 1-3 Year Treasury Bond ETF
• Anthropic’s IPO Could Put Amazon’s and Alphabet’s Paper Profits to the Test
• Microsoft’s AI Spending Didn’t Change—Wall Street’s View of It Did
• Cleared for Takeoff: AAR Corp. Expands Its Aerospace Aftermarket Reach
• L3Harris’ $6 Billion THAAD Win Comes at a Crucial Moment for the Stock

Receive News & Ratings for iShares 1-3 Year Treasury Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 1-3 Year Treasury Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.