iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw an uptick in trading volume on Wednesday . 6,489,397 shares traded hands during trading, a decline of 2% from the previous session’s volume of 6,620,684 shares.The stock last traded at $110.31 and had previously closed at $110.30.

iShares Short Treasury Bond ETF Trading Up 0.0 %

The stock has a fifty day moving average of $110.28 and a two-hundred day moving average of $110.29.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.3579 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

A number of large investors have recently modified their holdings of SHV. Thrivent Financial for Lutherans lifted its position in iShares Short Treasury Bond ETF by 39.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,906 shares of the company’s stock valued at $654,000 after purchasing an additional 1,660 shares during the period. Cassaday & Co Wealth Management LLC lifted its stake in iShares Short Treasury Bond ETF by 6.5% in the third quarter. Cassaday & Co Wealth Management LLC now owns 2,396 shares of the company’s stock valued at $265,000 after buying an additional 146 shares during the period. MidAtlantic Capital Management Inc. bought a new position in iShares Short Treasury Bond ETF during the third quarter worth about $48,000. Baron Wealth Management LLC increased its stake in shares of iShares Short Treasury Bond ETF by 21.8% in the 3rd quarter. Baron Wealth Management LLC now owns 3,953 shares of the company’s stock valued at $437,000 after acquiring an additional 707 shares during the last quarter. Finally, Fortis Advisors LLC raised its position in shares of iShares Short Treasury Bond ETF by 1.3% in the 3rd quarter. Fortis Advisors LLC now owns 7,736 shares of the company’s stock valued at $856,000 after acquiring an additional 99 shares during the period. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.