iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sets New 12-Month Low – Here’s Why

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week low on Friday . The stock traded as low as $82.09 and last traded at $82.10, with a volume of 163032 shares trading hands. The stock had previously closed at $82.16.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

The company has a market capitalization of $25.13 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company has a 50-day moving average of $82.45 and a two-hundred day moving average of $82.73.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.2428 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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

Several hedge funds have recently made changes to their positions in SHY. MCF Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $25,000. Key Financial Inc raised its stake in iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after buying an additional 196 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in 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 buying an additional 249 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $29,000. Finally, Lodestone Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $29,000. 23.15% of the stock is currently owned by 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.