iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Hits New 12-Month Low – Time to Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shares reached a new 52-week low on Wednesday . The stock traded as low as $81.83 and last traded at $81.84, with a volume of 253263 shares changing hands. The stock had previously closed at $81.86.

iShares 1-3 Year Treasury Bond ETF Price Performance

The firm has a market cap of $25.32 billion, a PE ratio of 3,747.73 and a beta of 0.05. The business’s fifty day moving average is $82.11 and its 200-day moving average is $82.51.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2383 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after acquiring an additional 940,434 shares during the period. Bank of America Corp DE boosted its position in iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the period. JPMorgan Chase & Co. boosted its position in iShares 1-3 Year Treasury Bond ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after purchasing an additional 4,206,546 shares during the period. 23.15% of the stock is currently owned by 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.