iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 12-Month Low – Time to Sell?

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) hit a new 52-week low during trading on Tuesday . The company traded as low as $81.79 and last traded at $81.80, with a volume of 2808216 shares traded. The stock had previously closed at $81.88.

iShares 1-3 Year Treasury Bond ETF Price Performance

The firm’s 50 day moving average price is $82.05 and its 200-day moving average price is $82.47. The firm has a market cap of $25.67 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.2383 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SHY. TruWealth Advisors LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.5% in the 4th quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after buying an additional 121 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after buying an additional 126 shares during the last quarter. Savant Capital LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after acquiring an additional 126 shares in the last quarter. Tower View Wealth Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 11.4% during the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock worth $106,000 after acquiring an additional 132 shares in the last quarter. Finally, Cahaba Wealth Management Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% in the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after acquiring an additional 133 shares during 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.