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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw strong trading volume on Tuesday . 6,632,977 shares changed hands during trading, an increase of 12% from the previous session’s volume of 5,935,462 shares.The stock last traded at $110.14 and had previously closed at $110.11.

iShares Short Treasury Bond ETF Trading Up 0.0 %

The firm has a fifty day simple moving average of $110.26 and a 200 day simple moving average of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.3579 dividend. The ex-dividend date is Monday, March 3rd.

Institutional Trading of iShares Short Treasury Bond ETF

Institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in iShares Short Treasury Bond ETF by 16,685.1% in the fourth quarter. Proficio Capital Partners LLC now owns 5,884,700 shares of the company’s stock valued at $647,964,000 after buying an additional 5,849,641 shares during the last quarter. FMR LLC increased its stake in iShares Short Treasury Bond ETF by 152.1% during the 4th quarter. FMR LLC now owns 5,217,524 shares of the company’s stock valued at $574,502,000 after purchasing an additional 3,147,534 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 1,732,399 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares Short Treasury Bond ETF during the fourth quarter valued at $123,698,000. Finally, Wick Capital Partners LLC increased 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. 7.10% of the stock is currently owned by institutional investors.

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.