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

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

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

The stock has a market capitalization of $25.15 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day moving average is $81.98 and its 200-day moving average is $82.38.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.2508 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Ballast Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 11.0% in the second quarter. Ballast Inc. now owns 245,825 shares of the company’s stock valued at $20,185,000 after buying an additional 24,410 shares during the last quarter. Buska Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $1,060,000. Heck Capital Advisors LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 19.9% in the second quarter. Heck Capital Advisors LLC now owns 114,688 shares of the company’s stock valued at $9,417,000 after buying an additional 19,046 shares during the period. JFS Wealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.4% during the second quarter. JFS Wealth Advisors LLC now owns 108,034 shares of the company’s stock valued at $8,871,000 after buying an additional 1,452 shares in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $291,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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.