iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Unusually-High Trading Volume – Still a Buy?

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw an uptick in trading volume on Thursday . 6,214,550 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 6,397,577 shares.The stock last traded at $110.25 and had previously closed at $110.23.

iShares Short Treasury Bond ETF Stock Up 0.0 %

The stock’s 50 day moving average is $110.27 and its two-hundred day moving average is $110.30.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.3579 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. increased its holdings in shares of iShares Short Treasury Bond ETF by 15.5% during the 4th quarter. Centaurus Financial Inc. now owns 7,545 shares of the company’s stock worth $831,000 after buying an additional 1,015 shares during the last quarter. American Investment Services Inc. raised its holdings in shares of iShares Short Treasury Bond ETF by 23.5% in the 4th quarter. American Investment Services Inc. now owns 41,433 shares of the company’s stock worth $4,562,000 after buying an additional 7,873 shares in the last quarter. BridgePort Financial Solutions LLC bought a new stake in iShares Short Treasury Bond ETF in the 4th quarter valued at approximately $247,000. Menard Financial Group LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the 4th quarter worth approximately $25,000. Finally, Heck Capital Advisors LLC bought a new position in shares of iShares Short Treasury Bond ETF during the 4th quarter worth approximately $7,380,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

About iShares Short Treasury Bond ETF

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.