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

iShares Short Treasury Bond ETF (NASDAQ:SHV) shares saw strong trading volume on Monday . 5,992,255 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 5,833,995 shares.The stock last traded at $110.38 and had previously closed at $110.36.

iShares Short Treasury Bond ETF Price Performance

The company has a 50 day simple moving average of $110.23 and a 200 day simple moving average of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.4033 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Trading of iShares Short Treasury Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its stake in shares of iShares Short Treasury Bond ETF by 16,685.1% during the 4th quarter. Proficio Capital Partners LLC now owns 5,884,700 shares of the company’s stock worth $647,964,000 after purchasing an additional 5,849,641 shares in the last quarter. FMR LLC increased its holdings in iShares Short Treasury Bond ETF by 152.1% during the fourth quarter. FMR LLC now owns 5,217,524 shares of the company’s stock worth $574,502,000 after buying an additional 3,147,534 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Short Treasury Bond ETF by 23.7% during the third quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock worth $999,158,000 after acquiring an additional 1,732,399 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Short Treasury Bond ETF in the fourth quarter valued at $123,698,000. Finally, Wick Capital Partners LLC grew its position in shares of iShares Short Treasury Bond ETF by 6,232.4% in the 4th quarter. Wick Capital Partners LLC now owns 884,001 shares of the company’s stock valued at $97,337,000 after acquiring an additional 870,041 shares during the period. Institutional investors own 7.10% of the company’s stock.

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.