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

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-high trading volume on Wednesday . Approximately 5,276,480 shares changed hands during trading, a decline of 21% from the previous session’s volume of 6,716,177 shares.The stock last traded at $110.40 and had previously closed at $110.39.

iShares Short Treasury Bond ETF Stock Performance

The stock’s 50-day moving average is $110.30 and its 200 day moving average is $110.30.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.3579 per share. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in iShares Short Treasury Bond ETF by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,211,434 shares of the company’s stock valued at $133,391,000 after buying an additional 121,071 shares during the last quarter. Silver Oak Wealth Advisors Services LLC purchased a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter valued at approximately $484,000. Centaurus Financial Inc. boosted its stake in iShares Short Treasury Bond ETF by 15.5% in the 4th quarter. Centaurus Financial Inc. now owns 7,545 shares of the company’s stock worth $831,000 after purchasing an additional 1,015 shares in the last quarter. American Investment Services Inc. grew its position in iShares Short Treasury Bond ETF by 23.5% during the 4th quarter. American Investment Services Inc. now owns 41,433 shares of the company’s stock worth $4,562,000 after purchasing an additional 7,873 shares during the last quarter. Finally, BridgePort Financial Solutions LLC purchased a new stake in iShares Short Treasury Bond ETF during the 4th quarter worth approximately $247,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.