iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 12-Month High – Still a Buy?

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $83.14 and last traded at $83.14, with a volume of 498723 shares trading hands. The stock had previously closed at $83.07.

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

The company has a market capitalization of $24.31 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day moving average is $82.88 and its two-hundred day moving average is $82.89.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

A number of large investors have recently bought and sold shares of SHY. Captrust Financial Advisors grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after acquiring an additional 940,434 shares during the period. Bank of America Corp DE boosted its position in iShares 1-3 Year Treasury Bond ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after purchasing an additional 133,178 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after purchasing an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock valued at $556,134,000 after purchasing an additional 272,758 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other 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.