iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Share Price Cross Below Fifty Day Moving Average – Here’s Why

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $81.36 and traded as low as $81.29. iShares 1-3 Year Treasury Bond ETF shares last traded at $81.32, with a volume of 3,831,795 shares.

iShares 1-3 Year Treasury Bond ETF Stock Performance

The company has a 50-day moving average of $81.36 and a 200-day moving average of $82.07. The stock has a market cap of $27.45 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 business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a dividend of $0.2544 per share. This represents a $3.05 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 19,766 shares of the company’s stock worth $1,618,000 after purchasing an additional 141 shares during the period. Brickley Wealth Management grew its position in iShares 1-3 Year Treasury Bond ETF by 2.5% in the 3rd quarter. Brickley Wealth Management now owns 5,951 shares of the company’s stock valued at $483,000 after buying an additional 147 shares during the last quarter. Centaurus Financial Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 6.8% in the 1st quarter. Centaurus Financial Inc. now owns 2,604 shares of the company’s stock valued at $215,000 after buying an additional 165 shares during the period. L.K. Benson & Company P.C. increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.2% in the 3rd quarter. L.K. Benson & Company P.C. now owns 14,164 shares of the company’s stock valued at $1,150,000 after buying an additional 171 shares during the period. Finally, XY Planning Network Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.8% in the 3rd quarter. XY Planning Network Inc. now owns 10,040 shares of the company’s stock valued at $815,000 after buying an additional 178 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.