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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $81.88 and last traded at $81.88, with a volume of 971331 shares. The stock had previously closed at $82.03.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2%

The company has a fifty day simple moving average of $82.30 and a 200-day simple moving average of $82.65. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.2429 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 was Monday, June 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

Several institutional investors and hedge funds have recently bought and sold shares of SHY. Captrust Financial Advisors grew its stake in iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after acquiring an additional 6,281,496 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares in the last quarter. Bank of America Corp DE grew its stake in iShares 1-3 Year Treasury Bond ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after acquiring an additional 3,451,890 shares in the last quarter. Pinebridge Investments Asia Ltd. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $270,573,000. Finally, The Manufacturers Life Insurance Company grew its stake in iShares 1-3 Year Treasury Bond ETF by 534.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock valued at $185,576,000 after acquiring an additional 1,887,420 shares in the last quarter. Hedge funds and other institutional investors 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.