iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sets New 1-Year High – What’s Next?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $83.13 and last traded at $83.12, with a volume of 4724732 shares changing hands. The stock had previously closed at $83.10.

iShares 1-3 Year Treasury Bond ETF Price Performance

The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The firm has a 50 day moving average price of $82.90 and a 200-day moving average price of $82.67.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2563 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 176.5% in the first quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $85,000 after buying an additional 653 shares during the period. Alamar Capital Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 182.1% in the 1st quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock valued at $5,198,000 after purchasing an additional 40,561 shares during the period. Irenic Capital Management LP lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% in the 1st quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 24,000 shares during the period. IFP Advisors Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.9% in the 1st quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock valued at $1,059,000 after purchasing an additional 716 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 124.7% in the 1st quarter. Deutsche Bank AG now owns 19,004 shares of the company’s stock valued at $1,572,000 after purchasing an additional 10,547 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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.