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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $81.78 and last traded at $81.78, with a volume of 8153 shares trading hands. The stock had previously closed at $81.83.

iShares 1-3 Year Treasury Bond ETF Price Performance

The business’s 50-day simple moving average is $82.01 and its two-hundred day simple moving average is $82.42. The stock has a market cap of $25.46 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first 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 last quarter. Lodestone Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $33,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Company Profile

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.