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 company traded as low as $82.19 and last traded at $82.20, with a volume of 318477 shares changing hands. The stock had previously closed at $82.25.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

The company has a market capitalization of $25.16 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a 50 day moving average price of $82.58 and a 200 day moving average price of $82.78.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st will be paid a $0.2428 dividend. 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 Inflows and Outflows

Large investors have recently modified their holdings of the company. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $25,000. Key Financial Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% in the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after acquiring an additional 196 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $29,000. Finally, Holos Integrated Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $29,000. 23.15% of the stock is currently 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.