iShares Short Treasury Bond ETF (NYSE:SHV) Hits New 12-Month Low – Here’s Why

Shares of iShares Short Treasury Bond ETF (NYSE:SHV) reached a new 52-week low on Thursday. The company traded as low as $109.86 and last traded at $110.05, with a volume of 6011051 shares changing hands. The stock had previously closed at $110.32.

iShares Short Treasury Bond ETF Price Performance

The stock’s fifty day moving average is $110.22 and its 200 day moving average is $110.23.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Several institutional investors have recently modified their holdings of the stock. Rinkey Investments lifted its holdings in iShares Short Treasury Bond ETF by 1.9% during the second quarter. Rinkey Investments now owns 4,944 shares of the company’s stock worth $546,000 after buying an additional 94 shares during the period. Intergy Private Wealth LLC increased its holdings in shares of iShares Short Treasury Bond ETF by 2.6% in the 1st quarter. Intergy Private Wealth LLC now owns 4,179 shares of the company’s stock valued at $461,000 after acquiring an additional 105 shares during the period. GenWealth Group Inc. raised its position in shares of iShares Short Treasury Bond ETF by 0.7% in the 2nd quarter. GenWealth Group Inc. now owns 17,317 shares of the company’s stock worth $1,911,000 after acquiring an additional 112 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of iShares Short Treasury Bond ETF by 2.0% in the 1st quarter. Mayflower Financial Advisors LLC now owns 5,896 shares of the company’s stock worth $651,000 after acquiring an additional 115 shares in the last quarter. Finally, Sweeney & Michel LLC lifted its stake in shares of iShares Short Treasury Bond ETF by 0.6% during the 1st quarter. Sweeney & Michel LLC now owns 20,841 shares of the company’s stock worth $2,297,000 after purchasing an additional 131 shares during the last quarter. 7.10% of the stock is owned by institutional investors.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.