iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 52-Week Low – Should You Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shares hit a new 52-week low during trading on Monday . The stock traded as low as $82.19 and last traded at $82.20, with a volume of 318477 shares traded. The stock had previously closed at $82.25.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a fifty day simple moving average of $82.58 and a 200 day simple moving average of $82.78.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st will be given a dividend of $0.2428 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, May 1st.

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

A number of institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $425,000. Moment Partners LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth about $23,784,000. Global Assets Advisory LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 12.8% during the 1st quarter. Global Assets Advisory LLC now owns 3,630 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares during the period. Diversify Wealth Management LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 20.9% during the 1st quarter. Diversify Wealth Management LLC now owns 10,813 shares of the company’s stock worth $891,000 after acquiring an additional 1,868 shares during the period. Finally, Towercrest Capital Management grew its holdings in iShares 1-3 Year Treasury Bond ETF by 6.1% during the 1st quarter. Towercrest Capital Management now owns 20,754 shares of the company’s stock worth $1,714,000 after acquiring an additional 1,194 shares during the period. 23.15% of the stock is owned by 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.