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

iShares Short Treasury Bond ETF (NASDAQ:SHV) shares saw unusually-strong trading volume on Friday . Approximately 4,314,968 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 2,992,477 shares.The stock last traded at $110.24 and had previously closed at $110.20.

iShares Short Treasury Bond ETF Stock Up 0.0 %

The business’s fifty day moving average price is $110.22 and its 200 day moving average price is $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently disclosed 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 4.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in iShares Short Treasury Bond ETF by 23.7% during the third quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock worth $999,158,000 after purchasing an additional 1,732,399 shares in the last quarter. FMR LLC raised its stake in shares of iShares Short Treasury Bond ETF by 337.6% during the 3rd quarter. FMR LLC now owns 2,069,990 shares of the company’s stock worth $229,003,000 after buying an additional 1,596,924 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Short Treasury Bond ETF by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,583,675 shares of the company’s stock valued at $174,996,000 after buying an additional 99,530 shares during the period. Divergent Wealth Advisors boosted its stake in shares of iShares Short Treasury Bond ETF by 5.5% in the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock valued at $127,976,000 after buying an additional 60,638 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in iShares Short Treasury Bond ETF by 5.2% during the third quarter. Stifel Financial Corp now owns 599,055 shares of the company’s stock worth $66,274,000 after acquiring an additional 29,814 shares during the period. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.