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

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw strong trading volume on Thursday . 3,482,440 shares changed hands during 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 Trading Up 0.0 %

The firm has a 50-day moving average price of $110.37 and a 200 day moving average price of $110.33.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.4668 per share. This represents a $5.60 annualized dividend and a yield of 5.08%. The ex-dividend date was Friday, November 1st. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHV. FMR LLC raised its position in iShares Short Treasury Bond ETF by 337.6% in the 3rd quarter. FMR LLC now owns 2,069,990 shares of the company’s stock valued at $229,003,000 after purchasing an additional 1,596,924 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Short Treasury Bond ETF by 4.7% in the 2nd quarter. LPL Financial LLC now owns 1,785,274 shares of the company’s stock worth $197,273,000 after buying an additional 80,700 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of iShares Short Treasury Bond ETF by 6.7% in the second 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 in the last quarter. Divergent Wealth Advisors lifted its position in shares of iShares Short Treasury Bond ETF by 5.5% during the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock worth $127,976,000 after purchasing an additional 60,638 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in iShares Short Treasury Bond ETF by 18.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,131,236 shares of the company’s stock worth $125,002,000 after buying an additional 178,574 shares during the period. 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.