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

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low on Monday . The stock traded as low as $81.76 and last traded at $81.77, with a volume of 1291734 shares changing hands. The stock had previously closed at $82.00.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.3%

The company has a 50 day moving average of $81.99 and a 200 day moving average of $82.39. The firm has a market cap of $25.12 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 declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.2383 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock worth $10,916,000 after buying an additional 916 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 103.3% in the second quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock valued at $1,260,000 after acquiring an additional 7,731 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $70,000. NCM Capital Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 6.7% during the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock worth $793,000 after purchasing an additional 603 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock worth $2,712,000 after buying an additional 919 shares during the last quarter. 23.15% of the stock is 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.