iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) saw strong trading volume on Wednesday . 21,717,116 shares traded hands during mid-day trading, an increase of 409% from the previous session’s volume of 4,266,210 shares.The stock last traded at $82.47 and had previously closed at $82.64.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2 %

The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.01. The firm has a 50-day moving average of $82.39 and a 200 day moving average of $82.26.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.2798 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 annualized dividend and a dividend yield of 4.07%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principia Wealth Advisory LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 32.3% during the first quarter. Principia Wealth Advisory LLC now owns 47,228 shares of the company’s stock valued at $3,901,000 after acquiring an additional 11,523 shares during the period. Lake Hills Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 35.3% during the 1st quarter. Lake Hills Wealth Management LLC now owns 216,888 shares of the company’s stock valued at $17,943,000 after purchasing an additional 56,583 shares in the last quarter. Godsey & Gibb Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $26,000. Tower Wealth Partners Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the 1st quarter. Tower Wealth Partners Inc. now owns 18,778 shares of the company’s stock worth $1,554,000 after buying an additional 369 shares in the last quarter. Finally, Sandbox Financial Partners LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $4,179,000. 23.15% of the stock is currently 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.