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

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) 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 changing hands. The stock had previously closed at $82.11.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.4%

The company’s 50-day moving average is $82.17 and its 200-day moving average is $82.54. The firm has a market cap of $25.05 billion, a price-to-earnings 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 paid a dividend of $0.2429 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend and a yield of 3.6%.

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

Several large investors have recently added to or reduced their stakes in SHY. Captrust Financial Advisors increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock valued at $1,487,841,000 after acquiring an additional 940,434 shares in the last quarter. Bank of America Corp DE increased its stake in shares of 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 worth $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after purchasing an additional 467,629 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% during 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 purchasing an additional 165,473 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

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.