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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-strong trading volume on Wednesday . Approximately 4,226,282 shares traded 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 Trading Up 0.0 %

The company 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 declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.4268 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Wednesday, December 18th.

Institutional Trading of iShares Short Treasury Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHV. Western Financial Corp CA grew its position in shares of iShares Short Treasury Bond ETF by 8.6% in the 4th quarter. Western Financial Corp CA now owns 13,744 shares of the company’s stock valued at $1,513,000 after buying an additional 1,092 shares during the last quarter. Concord Wealth Partners boosted its stake in iShares Short Treasury Bond ETF by 42.7% in the fourth quarter. Concord Wealth Partners now owns 262,285 shares of the company’s stock valued at $28,880,000 after acquiring an additional 78,521 shares in the last quarter. Concord Asset Management LLC VA grew its holdings in shares of iShares Short Treasury Bond ETF by 46.3% during the fourth quarter. Concord Asset Management LLC VA now owns 241,427 shares of the company’s stock worth $26,584,000 after purchasing an additional 76,433 shares during the last quarter. Clear Creek Financial Management LLC increased its position in shares of iShares Short Treasury Bond ETF by 119.2% during the fourth quarter. Clear Creek Financial Management LLC now owns 44,094 shares of the company’s stock worth $4,855,000 after purchasing an additional 23,982 shares in the last quarter. Finally, GFS Advisors LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 62.6% in the 4th quarter. GFS Advisors LLC now owns 144,586 shares of the company’s stock valued at $15,920,000 after purchasing an additional 55,685 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.