iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sets New 1-Year Low – What’s Next?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s share price reached a new 52-week low on Thursday . The stock traded as low as $81.51 and last traded at $81.5150, with a volume of 458303 shares traded. The stock had previously closed at $81.63.

iShares 1-3 Year Treasury Bond ETF Price Performance

The stock has a 50 day moving average price of $81.90 and a 200-day moving average price of $82.19. The stock has a market capitalization of $24.96 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.244 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.6%.

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

A number of large investors have recently bought and sold shares of the stock. MCF Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in 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 valued at $26,000 after buying an additional 249 shares during the period. Ashton Thomas Securities LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth $30,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth $38,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $38,000. 23.15% of the stock is owned by hedge funds and other 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.