iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 1-Year Low – Here’s What Happened
by Sarita Garza · The Markets DailyiShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $81.28 and last traded at $81.2750, with a volume of 1968579 shares trading hands. The stock had previously closed at $81.31.
iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%
The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s 50-day simple moving average is $81.83 and its two-hundred day simple moving average is $82.12.
iShares 1-3 Year Treasury Bond ETF Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.244 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.
Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF
Hedge funds have recently made changes to their positions in the company. Innova Wealth Partners raised its holdings in iShares 1-3 Year Treasury Bond ETF by 134.6% in the first quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock valued at $26,269,000 after acquiring an additional 182,540 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 21.1% in the fourth quarter. Bleakley Financial Group LLC now owns 892,689 shares of the company’s stock worth $73,932,000 after acquiring an additional 155,812 shares during the last quarter. Ruggiero Investments Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $1,344,000. Axxcess Wealth Management LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 35.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 109,743 shares of the company’s stock worth $9,089,000 after acquiring an additional 28,628 shares in the last quarter. Finally, Mmbg Investment Advisors CO. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 35.8% during the 4th quarter. Mmbg Investment Advisors CO. now owns 43,184 shares of the company’s stock worth $3,576,000 after acquiring an additional 11,380 shares in 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.