iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sees Unusually-High Trading Volume – Here’s What Happened

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) saw unusually-strong trading volume on Wednesday . Approximately 21,717,116 shares were traded during trading, an increase of 409% from the previous session’s volume of 4,266,210 shares.The stock last traded at $82.47 and had previously closed at $82.64.

iShares 1-3 Year Treasury Bond ETF Price Performance

The stock has a 50-day moving average price of $82.36 and a 200 day moving average price of $82.27. The firm has a market cap of $22.97 billion, a PE ratio of 3,758.18 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.2798 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.36 annualized dividend and a dividend yield of 4.07%.

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

A number of institutional investors have recently bought and sold shares of the stock. Accredited Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $25,000. Golden State Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $30,000. Van ECK Associates Corp lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after purchasing an additional 187 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $32,000. Finally, Carolinas Wealth Consulting LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 162.2% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock valued at $34,000 after buying an additional 253 shares in the last quarter. 23.15% of the stock is currently 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.