iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sees Strong Trading Volume – Should You Buy?

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) saw unusually-strong trading volume on Thursday. Approximately 18,209,781 shares changed hands during mid-day trading, an increase of 326% from the average daily volume of 4,273,795 shares. The stock last traded at $81.1550 and had previously closed at $81.31.

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

The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock has a 50 day moving average of $81.35 and a 200 day moving average of $82.06.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.2544 per share. This represents a $3.05 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

Institutional Investors Weigh In On iShares 1-3 Year Treasury Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $30,000. CENTRAL TRUST Co acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $30,000. Valley National Advisers Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $32,000. Finally, Weaver Capital Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $34,000. 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.