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

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw strong trading volume on Thursday . 1,994,049 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 2,834,271 shares.The stock last traded at $110.46 and had previously closed at $110.43.

iShares Short Treasury Bond ETF Stock Up 0.0 %

The firm has a 50 day simple moving average of $110.39 and a 200 day simple moving average of $110.32.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.4755 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of iShares Short Treasury Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of SHV. Sovereign Financial Group Inc. purchased a new stake in shares of iShares Short Treasury Bond ETF in the 1st quarter valued at about $271,000. Dohj LLC purchased a new stake in shares of iShares Short Treasury Bond ETF in the 1st quarter valued at about $1,008,000. Jessup Wealth Management Inc purchased a new stake in shares of iShares Short Treasury Bond ETF in the 1st quarter valued at about $259,000. Capital Asset Advisory Services LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 19.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 5,740 shares of the company’s stock valued at $632,000 after buying an additional 918 shares in the last quarter. Finally, Bridge Advisory LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 109.5% during the 1st quarter. Bridge Advisory LLC now owns 156,651 shares of the company’s stock valued at $17,316,000 after buying an additional 81,895 shares in the last quarter. Hedge funds and other 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.