iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stock Price Break Below 50 Day Moving Average – Should You Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s share price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $81.36 and traded as low as $81.29. iShares 1-3 Year Treasury Bond ETF shares last traded at $81.32, with a volume of 3,831,795 shares traded.

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

The company has a 50-day moving average of $81.34 and a 200 day moving average of $82.05. The firm has a market capitalization of $27.38 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.2544 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, November 2nd. This is a boost 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

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of 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 worth $1,292,182,000 after acquiring an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after acquiring an additional 165,473 shares in the last quarter. RPOA Advisors Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $301,889,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after acquiring an additional 2,454,485 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after buying an additional 1,002,453 shares during the period. 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.