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

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-high trading volume on Wednesday . Approximately 4,226,282 shares changed hands during trading, a decline of 31% from the previous session’s volume of 6,138,037 shares.The stock last traded at $110.36 and had previously closed at $110.36.

iShares Short Treasury Bond ETF Stock Performance

The firm has a 50 day moving average price of $110.23 and a 200-day moving average price of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.4268 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%.

Institutional Trading of iShares Short Treasury Bond ETF

A number of institutional investors have recently bought and sold shares of SHV. Benjamin F. Edwards & Company Inc. acquired a new position in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at $43,000. MidAtlantic Capital Management Inc. acquired a new position in iShares Short Treasury Bond ETF in the third quarter valued at about $48,000. Glass Jacobson Investment Advisors llc boosted its holdings in 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 buying an additional 162 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of iShares Short Treasury Bond ETF by 21.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 718 shares of the company’s stock worth $79,000 after buying an additional 128 shares during the period. Finally, Bristlecone Advisors LLC acquired a new stake in shares of iShares Short Treasury Bond ETF in the 3rd quarter valued at approximately $83,000. 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.