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 Thursday . 3,482,440 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 2,962,829 shares.The stock last traded at $110.38 and had previously closed at $110.37.

iShares Short Treasury Bond ETF Stock Up 0.0 %

The stock’s fifty day simple moving average is $110.37 and its 200 day simple moving average is $110.33.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.4668 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.60 dividend on an annualized basis and a yield of 5.08%. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of large investors have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in iShares Short Treasury Bond ETF in the 2nd quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. acquired a new position in iShares Short Treasury Bond ETF during the second quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of iShares Short Treasury Bond ETF in the second quarter valued at approximately $48,000. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares Short Treasury Bond ETF during the 3rd quarter valued at approximately $48,000. Finally, Glass Jacobson Investment Advisors llc lifted its stake in shares of iShares Short Treasury Bond ETF by 55.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock worth $50,000 after acquiring an additional 162 shares during the period. 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.