iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Hits New 52-Week Low – Should You Sell?

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $81.24 and last traded at $81.1950, with a volume of 478104 shares changing hands. The stock had previously closed at $81.32.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.2%

The company has a market capitalization of $25.97 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average of $81.79 and a 200 day moving average of $82.09.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.244 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, September 1st.

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

A number of hedge funds have recently made changes to their positions in the business. Silicon Valley Capital Partners boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 12.5% in the 2nd quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after buying an additional 64,060 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $82,000. Core Capital Management & Research inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $15,754,000. The Manufacturers Life Insurance Company boosted its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Finally, Blue Edge Capital LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,059.5% during the 2nd quarter. Blue Edge Capital LLC now owns 264,332 shares of the company’s stock valued at $21,704,000 after acquiring an additional 241,534 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.