iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Hits New 12-Month Low – Should You Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shares reached a new 52-week low on Friday . The stock traded as low as $81.88 and last traded at $81.88, with a volume of 971331 shares changing hands. The stock had previously closed at $82.03.

iShares 1-3 Year Treasury Bond ETF Price Performance

The firm has a fifty day simple moving average of $82.31 and a 200-day simple moving average of $82.65. The firm has a market cap of $25.07 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.2429 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of SHY. Captrust Financial Advisors raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares during the last quarter. Bank of America Corp DE raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. Pinebridge Investments Asia Ltd. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $270,573,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 534.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,240,712 shares of the company’s stock worth $185,576,000 after purchasing an additional 1,887,420 shares during the last quarter. 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.