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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw strong trading volume on Wednesday . 1,924,445 shares traded hands during trading, a decline of 33% from the previous session’s volume of 2,871,567 shares.The stock last traded at $110.54 and had previously closed at $110.52.

iShares Short Treasury Bond ETF Stock Performance

The business has a 50 day moving average price of $110.40 and a 200-day moving average price of $110.33.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.4755 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SHV. J.Safra Asset Management Corp grew its holdings in shares of iShares Short Treasury Bond ETF by 78.6% in the 1st quarter. J.Safra Asset Management Corp now owns 250 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the period. Rothschild Investment LLC acquired a new stake in iShares Short Treasury Bond ETF during the 2nd quarter valued at $40,000. Benjamin F. Edwards & Company Inc. acquired a new stake in iShares Short Treasury Bond ETF during the 2nd quarter valued at $43,000. Massmutual Trust Co. FSB ADV acquired a new stake in iShares Short Treasury Bond ETF during the 2nd quarter valued at $48,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in iShares Short Treasury Bond ETF by 1,323.5% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock valued at $53,000 after buying an additional 450 shares during the last quarter. 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.