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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw strong trading volume on Thursday . 3,482,440 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 2,962,829 shares.The stock last traded at $110.38 and had previously closed at $110.37.

iShares Short Treasury Bond ETF Stock Up 0.0 %

The stock has a 50 day moving average of $110.37 and a two-hundred day moving average of $110.33.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.4668 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.07%.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Wealth Management Group LLC raised its holdings in iShares Short Treasury Bond ETF by 19.2% during the second quarter. Capstone Wealth Management Group LLC now owns 110,156 shares of the company’s stock worth $12,172,000 after purchasing an additional 17,721 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in iShares Short Treasury Bond ETF during the third quarter worth $519,000. Daymark Wealth Partners LLC raised its holdings in iShares Short Treasury Bond ETF by 7.6% during the third quarter. Daymark Wealth Partners LLC now owns 2,467 shares of the company’s stock worth $273,000 after purchasing an additional 174 shares during the last quarter. Ascent Group LLC raised its holdings in iShares Short Treasury Bond ETF by 1.2% during the first quarter. Ascent Group LLC now owns 14,558 shares of the company’s stock worth $1,609,000 after purchasing an additional 172 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its holdings in iShares Short Treasury Bond ETF by 23.1% during the second quarter. J. W. Coons Advisors LLC now owns 10,210 shares of the company’s stock worth $1,128,000 after purchasing an additional 1,915 shares during the last quarter. 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.