iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Strong Trading Volume – Here’s Why

iShares Short Treasury Bond ETF (NASDAQ:SHV) shares saw an uptick in trading volume on Friday . 4,314,968 shares changed 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 Trading Up 0.0 %

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

iShares Short Treasury Bond ETF Cuts Dividend

The company 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 dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of iShares Short Treasury Bond ETF by 23.7% in the third quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after buying an additional 1,732,399 shares in the last quarter. FMR LLC increased its holdings in 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 valued at $229,003,000 after acquiring an additional 1,596,924 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in iShares Short Treasury Bond ETF during the third quarter worth about $27,104,000. Presidio Capital Management LLC purchased a new stake in shares of iShares Short Treasury Bond ETF in the third quarter valued at about $15,477,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares Short Treasury Bond ETF in the third quarter valued at approximately $14,200,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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.