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

Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) saw an uptick in trading volume on Thursday . 5,804,553 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 5,530,749 shares.The stock last traded at $110.29 and had previously closed at $110.28.

iShares Short Treasury Bond ETF Price Performance

The stock has a 50 day moving average of $110.22 and a 200 day moving average of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of iShares Short Treasury Bond ETF by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 12,979 shares of the company’s stock valued at $1,434,000 after buying an additional 2,042 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of iShares Short Treasury Bond ETF by 5.9% during the second quarter. Wealthspire Advisors LLC now owns 2,163 shares of the company’s stock valued at $239,000 after buying an additional 120 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at about $392,000. Moors & Cabot Inc. grew its stake in shares of iShares Short Treasury Bond ETF by 14.8% during the second quarter. Moors & Cabot Inc. now owns 2,585 shares of the company’s stock valued at $286,000 after buying an additional 333 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of iShares Short Treasury Bond ETF by 15.6% during the second quarter. Axxcess Wealth Management LLC now owns 37,499 shares of the company’s stock valued at $4,144,000 after buying an additional 5,070 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Company Profile

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.