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

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $81.78 and last traded at $81.78, with a volume of 8153 shares. The stock had previously closed at $81.83.

iShares 1-3 Year Treasury Bond ETF Price Performance

The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm has a fifty day simple moving average of $82.02 and a 200 day simple moving average of $82.44.

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 paid a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. increased its stake 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 worth $26,000 after buying an additional 249 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $33,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Company Profile

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.