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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $81.79 and last traded at $81.80, with a volume of 2808216 shares. The stock had previously closed at $81.88.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The firm has a market cap of $25.70 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm has a 50 day simple moving average of $82.06 and a 200 day simple moving average of $82.48.

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 issued a $0.2383 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Large investors have recently modified their holdings of the company. MCF Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted 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 in the last quarter. Holos Integrated Wealth LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $29,000. Lodestone Wealth Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $29,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $30,000. 23.15% of the stock is currently owned by institutional investors.

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.