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

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-strong trading volume on Tuesday . Approximately 6,632,977 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 5,935,462 shares.The stock last traded at $110.14 and had previously closed at $110.11.

iShares Short Treasury Bond ETF Trading Up 0.0 %

The business’s fifty day simple moving average is $110.26 and its 200-day simple moving average is $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.3579 per share. The ex-dividend date is Monday, March 3rd.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Several institutional investors have recently made changes to their positions in the company. Menard Financial Group LLC purchased a new position in iShares Short Treasury Bond ETF during the 4th quarter valued at $25,000. Transce3nd LLC purchased a new stake in shares of iShares Short Treasury Bond ETF during the fourth quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of iShares Short Treasury Bond ETF in the third quarter worth about $48,000. Glass Jacobson Investment Advisors llc increased its stake in iShares Short Treasury Bond ETF by 55.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock worth $50,000 after buying an additional 162 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in iShares Short Treasury Bond ETF during the 4th quarter valued at about $51,000. 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.