Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Sees Strong Trading Volume – Still a Buy?

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) saw strong trading volume on Tuesday . 438,999 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 304,049 shares.The stock last traded at $105.63 and had previously closed at $105.61.

Invesco Short Term Treasury ETF Trading Up 0.0%

The business’s fifty day simple moving average is $105.62 and its 200-day simple moving average is $105.63.

Hedge Funds Weigh In On Invesco Short Term Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TBLL. Mascoma Wealth Management LLC bought a new stake in Invesco Short Term Treasury ETF in the 4th quarter valued at $42,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Short Term Treasury ETF during the 4th quarter valued at about $191,000. Tidemark LLC grew its position in shares of Invesco Short Term Treasury ETF by 21.4% during the fourth quarter. Tidemark LLC now owns 2,023 shares of the company’s stock valued at $214,000 after purchasing an additional 357 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of Invesco Short Term Treasury ETF during the fourth quarter valued at about $244,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Invesco Short Term Treasury ETF in the third quarter worth about $245,000.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.