iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Volume Increase – Here’s Why

iShares Short Treasury Bond ETF (NASDAQ:SHV) shares saw strong trading volume on Friday . 2,742,567 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 2,905,801 shares.The stock last traded at $110.23 and had previously closed at $110.19.

iShares Short Treasury Bond ETF Trading Up 0.0%

The company’s fifty day simple moving average is $110.25 and its two-hundred day simple moving average is $110.28.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.342 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of institutional investors have recently made changes to their positions in SHV. JPL Wealth Management LLC bought a new stake in iShares Short Treasury Bond ETF during the third quarter valued at $26,000. Godfrey Financial Associates Inc. bought a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter worth about $35,000. LFA Lugano Financial Advisors SA acquired a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter valued at about $39,000. International Assets Investment Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter valued at about $43,000. Finally, Simplex Trading LLC grew its position in shares of iShares Short Treasury Bond ETF by 271.0% during the 4th quarter. Simplex Trading LLC now owns 397 shares of the company’s stock valued at $44,000 after buying an additional 290 shares during the last quarter. 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.