iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 12-Month Low – Here’s What Happened

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low on Tuesday . The stock traded as low as $81.62 and last traded at $81.62, with a volume of 14050 shares traded. The stock had previously closed at $81.89.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The stock has a market capitalization of $25.00 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average price of $81.95 and a two-hundred day moving average price of $82.26.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a $0.2508 dividend. This represents a c) annualized dividend and a yield of 3.7%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, August 3rd.

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

Several institutional investors and hedge funds have recently modified their holdings of SHY. Bryn Mawr Trust Advisors LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after acquiring an additional 126 shares in the last quarter. Savant Capital LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after purchasing an additional 126 shares in the last quarter. Tower View Wealth Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% in the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock worth $106,000 after purchasing an additional 132 shares during the last quarter. Cahaba Wealth Management Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% during the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after purchasing an additional 133 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 11,275 shares of the company’s stock valued at $934,000 after purchasing an additional 138 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

About iShares 1-3 Year Treasury Bond ETF

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.