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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $81.78 and last traded at $81.78, with a volume of 8153 shares traded. The stock had previously closed at $81.83.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The company has a 50 day moving average of $82.02 and a 200 day moving average of $82.44. The stock has a market capitalization of $25.43 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.2383 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during 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 during the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $33,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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.