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 on Wednesday . The company traded as low as $81.83 and last traded at $81.84, with a volume of 253263 shares. The stock had previously closed at $81.86.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The stock’s 50 day moving average price is $82.08 and its 200-day moving average price is $82.49. The company has a market cap of $25.32 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 declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MCF Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the period. Lodestone Wealth Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Holos Integrated Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at approximately $30,000. 23.15% of the stock is owned by institutional investors.

About iShares 1-3 Year Treasury Bond ETF

(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.

Further Reading

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