iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Hits New 12-Month Low – What’s Next?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $81.28 and last traded at $81.2750, with a volume of 1968579 shares traded. The stock had previously closed at $81.31.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The firm’s 50 day moving average is $81.85 and its 200 day moving average is $82.15. The stock has a market cap of $26.03 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.244 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SHY. Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after purchasing an additional 940,434 shares in the last quarter. Bank of America Corp DE increased its position 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 buying an additional 3,451,890 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares 1-3 Year Treasury Bond ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after buying an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp raised its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock valued at $471,783,000 after buying an additional 165,473 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after buying an additional 2,454,485 shares during 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.