iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Hits New 52-Week Low – Here’s Why

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $80.98 and last traded at $80.9650, with a volume of 19011 shares traded. The stock had previously closed at $81.20.

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

The business has a 50-day moving average of $81.70 and a two-hundred day moving average of $82.02. The firm has a market capitalization of $26.11 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 disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.2410 per share. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Savant Capital LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock valued at $737,000 after purchasing an additional 126 shares during the period. Tower View Wealth Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 11.4% in the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after acquiring an additional 132 shares during the period. Cahaba Wealth Management Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% during the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after acquiring an additional 133 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock valued at $1,618,000 after purchasing an additional 141 shares in the last quarter. Finally, Keel Point LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.4% in the 4th quarter. Keel Point LLC now owns 38,398 shares of the company’s stock worth $3,180,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

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.