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)’s stock price reached a new 52-week low on Friday . The company 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 Trading Down 0.2%

The business has a 50-day moving average price of $82.31 and a two-hundred day moving average price of $82.65. The stock has a market capitalization 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 announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.2429 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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

A number of institutional investors have recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after buying an additional 940,434 shares in the last quarter. Bank of America Corp DE increased its holdings in iShares 1-3 Year Treasury Bond ETF by 28.3% in the 1st 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% in the 4th 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 in the last quarter. Institutional investors and hedge funds 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.