iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Strong Trading Volume – Time to Buy?

iShares Short Treasury Bond ETF (NASDAQ:SHV) shares saw unusually-strong trading volume on Wednesday . 4,226,282 shares were traded during mid-day trading, a decline of 31% from the previous session’s volume of 6,138,037 shares.The stock last traded at $110.36 and had previously closed at $110.36.

iShares Short Treasury Bond ETF Trading Up 0.0 %

The business’s 50-day moving average price is $110.23 and its 200-day moving average price is $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.4268 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in iShares Short Treasury Bond ETF by 23.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after acquiring an additional 1,732,399 shares during the last quarter. FMR LLC increased its holdings in shares of iShares Short Treasury Bond ETF by 337.6% in the third quarter. FMR LLC now owns 2,069,990 shares of the company’s stock valued at $229,003,000 after purchasing an additional 1,596,924 shares during the period. Divergent Wealth Advisors raised its stake in shares of iShares Short Treasury Bond ETF by 5.5% during the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock worth $127,976,000 after purchasing an additional 60,638 shares during the last quarter. Stifel Financial Corp raised its stake in shares of iShares Short Treasury Bond ETF by 5.2% during the third quarter. Stifel Financial Corp now owns 599,055 shares of the company’s stock worth $66,274,000 after purchasing an additional 29,814 shares during the last quarter. Finally, Cynosure Group LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 3.2% during the third quarter. Cynosure Group LLC now owns 560,749 shares of the company’s stock worth $62,036,000 after purchasing an additional 17,145 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Company Profile

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.