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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-strong trading volume on Wednesday . Approximately 6,489,397 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 6,620,684 shares.The stock last traded at $110.31 and had previously closed at $110.30.

iShares Short Treasury Bond ETF Trading Up 0.0 %

The firm has a fifty day moving average of $110.29 and a 200 day moving average of $110.29.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.3579 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in 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 valued at $999,158,000 after buying an additional 1,732,399 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of iShares Short Treasury Bond ETF by 16,685.1% during the 4th quarter. Proficio Capital Partners LLC now owns 5,884,700 shares of the company’s stock worth $647,964,000 after acquiring an additional 5,849,641 shares in the last quarter. FMR LLC grew its position in shares of iShares Short Treasury Bond ETF by 152.1% during the 4th quarter. FMR LLC now owns 5,217,524 shares of the company’s stock valued at $574,502,000 after acquiring an additional 3,147,534 shares during the period. Wells Fargo & Company MN increased its stake in shares of iShares Short Treasury Bond ETF by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,850,840 shares of the company’s stock valued at $424,016,000 after purchasing an additional 137,455 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in iShares Short Treasury Bond ETF by 6.8% in the 4th quarter. LPL Financial LLC now owns 1,907,963 shares of the company’s stock worth $210,086,000 after purchasing an additional 120,706 shares during the period. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.