iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sets New 52-Week Low – Time to Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $81.82 and last traded at $81.82, with a volume of 3201 shares traded. The stock had previously closed at $82.11.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The firm has a 50-day moving average price of $82.17 and a 200-day moving average price of $82.54. The stock has a market cap of $25.05 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 firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Investors Weigh In On iShares 1-3 Year Treasury Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Quent Long Short Global Small Cap Fund LP acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $53,414,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in iShares 1-3 Year Treasury Bond ETF by 118.9% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 84,768 shares of the company’s stock valued at $7,023,000 after purchasing an additional 46,040 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 15.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 85,119 shares of the company’s stock valued at $7,052,000 after purchasing an additional 11,593 shares in the last quarter. Stapp Wealth Management Pllc boosted its stake in iShares 1-3 Year Treasury Bond ETF by 211.2% during the 4th quarter. Stapp Wealth Management Pllc now owns 13,302 shares of the company’s stock worth $1,102,000 after purchasing an additional 9,027 shares during the last quarter. Finally, Finer Wealth Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $1,685,000. 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.