iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 1-Year Low – Here’s What Happened

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

iShares 1-3 Year Treasury Bond ETF Price Performance

The company has a market cap of $25.31 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average price of $82.14 and a 200 day moving average price of $82.53.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be issued a $0.2383 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHY. CX Institutional boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 118.8% during the 2nd quarter. CX Institutional now owns 894,736 shares of the company’s stock worth $73,467,000 after acquiring an additional 485,882 shares during the period. Beacon Wealthcare LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 2.2% in the 2nd quarter. Beacon Wealthcare LLC now owns 105,748 shares of the company’s stock valued at $8,683,000 after acquiring an additional 2,229 shares during the period. VectorGlobal IAG Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $272,000. Hamilton Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth approximately $161,000. Finally, Town Capital LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth approximately $1,755,000. 23.15% of the stock is 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.