iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Volume Increase – Still a Buy?

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-high trading volume on Friday . Approximately 4,314,968 shares changed hands during trading, an increase of 44% from the previous session’s volume of 2,992,477 shares.The stock last traded at $110.24 and had previously closed at $110.20.

iShares Short Treasury Bond ETF Trading Up 0.0 %

The firm has a 50-day simple moving average of $110.21 and a 200-day simple moving average of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.4268 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.65%.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. bought a new position in shares of iShares Short Treasury Bond ETF during the 2nd quarter valued at about $43,000. MidAtlantic Capital Management Inc. purchased a new stake in iShares Short Treasury Bond ETF in the third quarter worth approximately $48,000. Glass Jacobson Investment Advisors llc raised its stake in shares of iShares Short Treasury Bond ETF by 55.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock worth $50,000 after acquiring an additional 162 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 21.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 718 shares of the company’s stock worth $79,000 after acquiring an additional 128 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new stake in shares of iShares Short Treasury Bond ETF in the 3rd quarter worth approximately $83,000. Institutional investors 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.