iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stock Cross Below 50-Day Moving Average – Time to Sell?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-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 changing hands.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.3%

The business 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 PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.2544 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, November 2nd.

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

Several large investors have recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $31,104,000. Ieq Capital LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $483,000. Focus Advisor Solutions LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 6.9% during the 3rd quarter. Focus Advisor Solutions LLC now owns 62,822 shares of the company’s stock worth $5,101,000 after purchasing an additional 4,028 shares during the last quarter. Checchi Capital Advisers LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $6,488,000. Finally, Aegis Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $1,764,000. 23.15% of the stock is owned by institutional investors and hedge funds.

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.