iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw an uptick in trading volume on Friday . 4,314,968 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 2,992,477 shares.The stock last traded at $110.24 and had previously closed at $110.20.

iShares Short Treasury Bond ETF Price Performance

The business’s fifty day simple moving average is $110.21 and its 200-day simple moving average is $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.4268 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.12 annualized dividend and a yield of 4.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of iShares Short Treasury Bond ETF by 23.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock worth $999,158,000 after purchasing an additional 1,732,399 shares in the last quarter. FMR LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 337.6% during the 3rd quarter. FMR LLC now owns 2,069,990 shares of the company’s stock valued at $229,003,000 after buying an additional 1,596,924 shares during the period. LPL Financial LLC lifted its holdings in iShares Short Treasury Bond ETF by 4.7% in the second quarter. LPL Financial LLC now owns 1,785,274 shares of the company’s stock valued at $197,273,000 after acquiring an additional 80,700 shares during the period. Envestnet Asset Management Inc. boosted its position in 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 worth $174,996,000 after purchasing an additional 99,530 shares during the last quarter. Finally, Divergent Wealth Advisors grew its stake in shares of iShares Short Treasury Bond ETF by 5.5% during the 3rd quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock valued at $127,976,000 after purchasing an additional 60,638 shares during the period. Institutional investors own 7.10% of the company’s stock.

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.