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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYGet Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $81.83 and last traded at $81.84, with a volume of 253263 shares traded. The stock had previously closed at $81.86.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The business has a 50 day simple moving average of $82.11 and a 200-day simple moving average of $82.51. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2383 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Several institutional investors have recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Lodestone Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Finally, Ashton Thomas Securities LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $30,000. Institutional investors own 23.15% of the company’s stock.

About iShares 1-3 Year Treasury Bond ETF

(Get Free Report)

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.

Further Reading

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