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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw strong trading volume on Wednesday . 4,226,282 shares changed hands during trading, a decline of 31% from the previous session’s volume of 6,138,037 shares.The stock last traded at $110.36 and had previously closed at $110.36.

iShares Short Treasury Bond ETF Stock Performance

The company has a fifty day moving average of $110.23 and a 200-day moving average of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.4268 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of SHV. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 1,732,399 shares during the last quarter. FMR LLC increased 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 acquiring an additional 1,596,924 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of iShares Short Treasury Bond ETF in the third quarter worth about $27,104,000. Whalen Wealth Management Inc. raised its stake in shares of iShares Short Treasury Bond ETF by 442.7% in the fourth quarter. Whalen Wealth Management Inc. now owns 262,678 shares of the company’s stock worth $28,923,000 after acquiring an additional 214,280 shares during the last quarter. Finally, Presidio Capital Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the third quarter worth approximately $15,477,000. Institutional investors and hedge funds 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.